Duncker Streett & Co. Inc. Decreases Holdings in Roper Technologies, Inc. (NYSE:ROP)


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Duncker Streett & Co. Inc. cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 22.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,880 shares of the industrial products company’s stock after selling 1,700 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Roper Technologies were worth $2,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROP. OLD Mission Capital LLC increased its holdings in Roper Technologies by 111.0% in the 3rd quarter. OLD Mission Capital LLC now owns 14,161 shares of the industrial products company’s stock worth $5,595,000 after acquiring an additional 7,449 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in Roper Technologies by 540.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 19,179 shares of the industrial products company’s stock worth $7,577,000 after acquiring an additional 16,184 shares during the last quarter. Brinker Capital Investments LLC increased its holdings in Roper Technologies by 340.4% in the 3rd quarter. Brinker Capital Investments LLC now owns 8,901 shares of the industrial products company’s stock worth $3,517,000 after acquiring an additional 6,880 shares during the last quarter. Red Spruce Capital LLC increased its holdings in Roper Technologies by 8.0% in the 4th quarter. Red Spruce Capital LLC now owns 1,396 shares of the industrial products company’s stock worth $602,000 after acquiring an additional 103 shares during the last quarter. Finally, Capital Investment Services of America Inc. increased its holdings in Roper Technologies by 3.6% in the 4th quarter. Capital Investment Services of America Inc. now owns 53,655 shares of the industrial products company’s stock worth $23,130,000 after acquiring an additional 1,863 shares during the last quarter. 91.73% of the stock is owned by institutional investors.

ROP has been the subject of a number of recent analyst reports. Oppenheimer lifted their target price on Roper Technologies from $460.00 to $505.00 and gave the company an “outperform” rating in a report on Wednesday, April 14th. JPMorgan Chase & Co. reduced their target price on Roper Technologies from $320.00 to $310.00 and set an “underweight” rating for the company in a report on Monday, February 1st. Argus lifted their target price on Roper Technologies from $440.00 to $490.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Royal Bank of Canada lifted their target price on Roper Technologies from $486.00 to $499.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Barclays lifted their target price on Roper Technologies from $445.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $447.67.

In other Roper Technologies news, CFO Robert Crisci sold 6,000 shares of Roper Technologies stock in a transaction that occurred on Monday, April 19th. The stock was sold at an average price of $422.83, for a total value of $2,536,980.00. Following the transaction, the chief financial officer now directly owns 41,287 shares of the company’s stock, valued at approximately $17,457,382.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Shares of ROP opened at $445.07 on Tuesday. The company has a market cap of $46.71 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.73 and a beta of 1.03. The company has a current ratio of 0.73, a quick ratio of 0.64 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average price of $417.16 and a 200-day moving average price of $409.59. Roper Technologies, Inc. has a 12-month low of $333.67 and a 12-month high of $455.72.

Roper Technologies (NYSE:ROP) last released its earnings results on Tuesday, April 27th. The industrial products company reported $3.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.32 by $0.28. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Roper Technologies had a return on equity of 13.53% and a net margin of 28.89%. Roper Technologies’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.05 EPS. As a group, analysts predict that Roper Technologies, Inc. will post 12.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Shareholders of record on Monday, April 5th were paid a $0.563 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.56. This represents a $2.25 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Thursday, April 1st. Roper Technologies’s payout ratio is 17.24%.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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