LS Investment Advisors LLC trimmed its holdings in Roper Technologies Inc (NYSE:ROP) by 7.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,852 shares of the industrial products company’s stock after selling 655 shares during the quarter. LS Investment Advisors LLC’s holdings in Roper Technologies were worth $2,034,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ROP. Harding Loevner LP raised its holdings in shares of Roper Technologies by 293.8% in the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock valued at $358,642,000 after buying an additional 4,420,649 shares during the last quarter. KBC Group NV raised its holdings in shares of Roper Technologies by 179.0% in the third quarter. KBC Group NV now owns 192,893 shares of the industrial products company’s stock valued at $46,950,000 after buying an additional 123,757 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Roper Technologies by 113.6% in the third quarter. First Trust Advisors LP now owns 186,976 shares of the industrial products company’s stock valued at $45,510,000 after buying an additional 99,432 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Roper Technologies by 7.3% during the third quarter. Artisan Partners Limited Partnership now owns 1,074,847 shares of the industrial products company’s stock worth $261,618,000 after acquiring an additional 72,673 shares during the period. Finally, Atalanta Sosnoff Capital LLC increased its stake in shares of Roper Technologies by 46.6% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 168,294 shares of the industrial products company’s stock worth $43,588,000 after acquiring an additional 53,464 shares during the period. 93.00% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Inc (ROP) opened at $261.53 on Monday. Roper Technologies Inc has a one year low of $203.01 and a one year high of $290.42. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. The stock has a market cap of $26,770.79, a PE ratio of 27.88, a PEG ratio of 1.91 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.09. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. research analysts predict that Roper Technologies Inc will post 11.09 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were given a dividend of $0.4125 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a yield of 0.63%. The ex-dividend date was Monday, January 8th. Roper Technologies’s dividend payout ratio is presently 17.59%.

In other Roper Technologies news, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the transaction, the chief executive officer now directly owns 1,448,575 shares in the company, valued at $376,093,527.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian D. Jellison sold 74,589 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $277.02, for a total transaction of $20,662,644.78. Following the transaction, the chief executive officer now owns 1,459,892 shares in the company, valued at $404,419,281.84. The disclosure for this sale can be found here. Insiders have sold 439,526 shares of company stock worth $120,362,826 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

ROP has been the topic of a number of recent analyst reports. Wells Fargo & Co set a $310.00 price target on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Robert W. Baird boosted their price target on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reiterated a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a research note on Monday, February 5th. Finally, Canaccord Genuity boosted their price target on shares of Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $285.38.

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Roper Technologies Company Profile

Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

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

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