Honeywell International Inc. raised its holdings in Roper Technologies Inc (NYSE:ROP) by 20.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,000 shares of the industrial products company’s stock after acquiring an additional 10,300 shares during the quarter. Roper Technologies comprises approximately 1.1% of Honeywell International Inc.’s investment portfolio, making the stock its 27th largest holding. Honeywell International Inc.’s holdings in Roper Technologies were worth $15,991,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ROP. Villere ST Denis J & Co. LLC purchased a new stake in shares of Roper Technologies during the 4th quarter worth $59,432,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Roper Technologies by 71.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 436,175 shares of the industrial products company’s stock worth $129,200,000 after purchasing an additional 181,045 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Roper Technologies by 21.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 952,273 shares of the industrial products company’s stock worth $282,073,000 after purchasing an additional 168,161 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Roper Technologies by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock worth $370,008,000 after purchasing an additional 134,469 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its position in shares of Roper Technologies by 32.7% during the 3rd quarter. Marshall Wace North America L.P. now owns 507,364 shares of the industrial products company’s stock worth $150,286,000 after purchasing an additional 124,939 shares during the last quarter. 94.14% of the stock is owned by institutional investors and hedge funds.
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Shares of NYSE:ROP opened at $303.68 on Tuesday. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $312.65. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. The firm has a market cap of $31.16 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.00 and a beta of 1.13.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.09. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the business earned $2.70 EPS. Roper Technologies’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts expect that Roper Technologies Inc will post 12.18 EPS for the current fiscal year.
ROP has been the subject of several recent analyst reports. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Barclays cut their price target on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a research note on Monday, October 29th. Wells Fargo & Co lifted their price target on shares of Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Robert W. Baird lifted their price target on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research lowered shares of Roper Technologies from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Roper Technologies has a consensus rating of “Buy” and an average price target of $321.25.
In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 1,000 shares of Roper Technologies stock in a transaction on Monday, November 26th. The shares were sold at an average price of $286.07, for a total value of $286,070.00. Following the transaction, the director now directly owns 13,038 shares in the company, valued at $3,729,780.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher Wright sold 600 shares of Roper Technologies stock in a transaction on Friday, November 16th. The shares were sold at an average price of $294.85, for a total transaction of $176,910.00. Following the completion of the transaction, the director now owns 63,080 shares in the company, valued at $18,599,138. The disclosure for this sale can be found here. Insiders have sold a total of 11,350 shares of company stock worth $3,349,955 over the last quarter. 2.30% of the stock is owned by company insiders.
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Roper Technologies 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.
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