Davis R M Inc. cut its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,018 shares of the industrial products company’s stock after selling 7,743 shares during the quarter. Roper Technologies comprises approximately 1.6% of Davis R M Inc.’s investment portfolio, making the stock its 15th biggest position. Davis R M Inc. owned 0.15% of Roper Technologies worth $45,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Roper Technologies during the 2nd quarter worth $1,127,000. Highland Capital Management LP purchased a new position in shares of Roper Technologies during the 2nd quarter worth $8,677,000. OppenheimerFunds Inc. grew its holdings in shares of Roper Technologies by 15.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 110,941 shares of the industrial products company’s stock worth $30,610,000 after purchasing an additional 14,971 shares during the period. Mountain Pacific Investment Advisers Inc. ID grew its holdings in shares of Roper Technologies by 2.4% during the 2nd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 105,364 shares of the industrial products company’s stock worth $29,071,000 after purchasing an additional 2,433 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Roper Technologies by 229.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 929 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 647 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

ROP traded down $2.89 during mid-day trading on Wednesday, hitting $284.32. 384,700 shares of the stock were exchanged, compared to its average volume of 456,256. Roper Technologies Inc has a 1-year low of $248.03 and a 1-year high of $312.65. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 0.66. The firm has a market cap of $30.61 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.09 and a beta of 1.11.

Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, July 26th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.19. Roper Technologies had a return on equity of 15.81% and a net margin of 21.99%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $2.24 EPS. Roper Technologies’s revenue was up 12.6% on a year-over-year basis. On average, research analysts forecast that Roper Technologies Inc will post 11.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 22nd. Shareholders of record on Monday, October 8th will be given a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Thursday, October 4th. Roper Technologies’s dividend payout ratio is currently 17.52%.

A number of research firms have recently weighed in on ROP. JPMorgan Chase & Co. cut Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price target for the company. in a report on Friday, September 21st. Raymond James cut Roper Technologies from a “strong-buy” rating to an “outperform” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 target price on the stock in a research note on Monday, July 30th. Argus increased their target price on Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Cowen reissued a “buy” rating and set a $330.00 target price on shares of Roper Technologies in a research note on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $313.50.

In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 3,000 shares of the stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $297.86, for a total value of $893,580.00. Following the sale, the director now owns 14,038 shares of the company’s stock, valued at approximately $4,181,358.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman purchased 500 shares of Roper Technologies stock in a transaction on Friday, September 14th. The stock was bought at an average cost of $312.35 per share, for a total transaction of $156,175.00. Following the transaction, the director now directly owns 52,965 shares in the company, valued at $16,543,617.75. The disclosure for this purchase can be found here. Insiders sold a total of 8,750 shares of company stock worth $2,616,258 in the last ninety days. 2.30% of the stock is owned by corporate insiders.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

Read More: Price to Earnings Ratio (PE)

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

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