Crossmark Global Holdings Inc. Sells 2,625 Shares of Roper Technologies Inc (NYSE:ROP)

Crossmark Global Holdings Inc. lowered its position in shares of Roper Technologies Inc (NYSE:ROP) by 18.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,705 shares of the industrial products company’s stock after selling 2,625 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Roper Technologies were worth $4,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiera Capital Corp boosted its position in shares of Roper Technologies by 4.4% during the 4th quarter. Fiera Capital Corp now owns 621 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 26 shares in the last quarter. Creative Planning boosted its position in shares of Roper Technologies by 1.5% during the 4th quarter. Creative Planning now owns 1,797 shares of the industrial products company’s stock worth $637,000 after purchasing an additional 27 shares in the last quarter. CAPROCK Group Inc. boosted its position in shares of Roper Technologies by 3.8% during the 4th quarter. CAPROCK Group Inc. now owns 771 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 28 shares in the last quarter. Sawgrass Asset Management LLC boosted its position in shares of Roper Technologies by 0.5% during the 3rd quarter. Sawgrass Asset Management LLC now owns 5,939 shares of the industrial products company’s stock worth $2,118,000 after purchasing an additional 30 shares in the last quarter. Finally, Gofen & Glossberg LLC IL boosted its position in shares of Roper Technologies by 3.2% during the 4th quarter. Gofen & Glossberg LLC IL now owns 965 shares of the industrial products company’s stock worth $342,000 after purchasing an additional 30 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

ROP opened at $392.73 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.83 and a quick ratio of 0.75. Roper Technologies Inc has a fifty-two week low of $309.10 and a fifty-two week high of $395.00. The firm has a market capitalization of $40.87 billion, a PE ratio of 23.34, a P/E/G ratio of 2.62 and a beta of 1.12. The company’s 50-day moving average is $374.13 and its 200 day moving average is $356.98.

Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, January 30th. The industrial products company reported $3.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.34 by $0.05. Roper Technologies had a net margin of 32.94% and a return on equity of 15.85%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business posted $3.22 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts expect that Roper Technologies Inc will post 13.47 EPS for the current year.

A number of equities analysts have recently issued reports on ROP shares. Barclays reissued a “hold” rating and set a $368.00 price objective on shares of Roper Technologies in a research report on Monday, February 3rd. Stephens set a $386.00 price objective on shares of Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $395.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Co increased their price objective on shares of Roper Technologies from $425.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Cowen reissued an “outperform” rating and set a $400.00 price objective (up previously from $375.00) on shares of Roper Technologies in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Roper Technologies currently has an average rating of “Buy” and an average price target of $389.50.

In other Roper Technologies news, VP John K. Stipancich sold 5,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $360.00, for a total value of $1,800,000.00. Following the completion of the sale, the vice president now owns 34,004 shares in the company, valued at approximately $12,241,440. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jason Conley sold 2,500 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $352.46, for a total transaction of $881,150.00. Following the completion of the sale, the vice president now owns 22,070 shares of the company’s stock, valued at approximately $7,778,792.20. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $3,036,995 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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

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