Atalanta Sosnoff Capital LLC Buys 53,464 Shares of Roper Technologies Inc (ROP)
Atalanta Sosnoff Capital LLC increased its stake in shares of Roper Technologies Inc (NYSE:ROP) by 46.6% during the 4th quarter, HoldingsChannel reports. The fund owned 168,294 shares of the industrial products company’s stock after purchasing an additional 53,464 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Roper Technologies were worth $43,588,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Harding Loevner LP increased its holdings in Roper Technologies by 293.8% during the 3rd quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after purchasing an additional 4,420,649 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Roper Technologies by 309.5% during the 2nd quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock worth $210,649,000 after purchasing an additional 687,588 shares during the last quarter. Vanguard Group Inc. increased its holdings in Roper Technologies by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after purchasing an additional 354,064 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Roper Technologies by 91.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 308,762 shares of the industrial products company’s stock worth $71,488,000 after purchasing an additional 147,465 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in Roper Technologies during the 2nd quarter worth approximately $31,829,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on ROP. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Robert W. Baird lifted their price objective on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Oppenheimer lifted their price objective on Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Royal Bank of Canada lifted their price objective on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Finally, Cowen restated a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $256.27.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned $1.65 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. research analysts forecast that Roper Technologies Inc will post 9.31 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.61%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, January 8th. Roper Technologies’s payout ratio is 20.35%.
In other news, CEO Brian D. Jellison sold 81,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total value of $21,159,845.00. Following the completion of the sale, the chief executive officer now directly owns 1,448,575 shares in the company, valued at approximately $376,093,527.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $259.51, for a total value of $1,038,040.00. Following the transaction, the director now owns 14,038 shares of the company’s stock, valued at $3,643,001.38. The disclosure for this sale can be found here. Insiders sold a total of 86,950 shares of company stock valued at $22,574,581 over the last quarter. Company insiders own 2.50% of the company’s stock.
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Roper Technologies Profile
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