Waratah Capital Advisors Ltd. Reduces Stake in Roper Technologies Inc (ROP)
Waratah Capital Advisors Ltd. reduced its position in shares of Roper Technologies Inc (NYSE:ROP) by 37.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,121 shares of the industrial products company’s stock after selling 76,714 shares during the period. Roper Technologies accounts for approximately 4.6% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 2nd largest position. Waratah Capital Advisors Ltd.’s holdings in Roper Technologies were worth $43,130,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Cutler Group LP purchased a new stake in Roper Technologies in the fourth quarter worth about $26,000. Berman Capital Advisors LLC purchased a new stake in Roper Technologies in the fourth quarter worth about $26,000. Pinnacle Bank purchased a new stake in Roper Technologies in the fourth quarter worth about $26,000. University of Texas Texas AM Investment Managment Co. purchased a new stake in Roper Technologies in the first quarter worth about $27,000. Finally, Proficio Capital Partners LLC lifted its holdings in Roper Technologies by 115.8% in the fourth quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock worth $33,000 after buying an additional 66 shares during the period. Institutional investors own 92.29% of the company’s stock.
In other Roper Technologies news, Director Christopher Wright sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $328.13, for a total transaction of $574,227.50. Following the completion of the transaction, the director now owns 60,163 shares of the company’s stock, valued at $19,741,285.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wilbur J. Prezzano sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $311.61, for a total transaction of $1,869,660.00. Following the transaction, the director now directly owns 20,206 shares of the company’s stock, valued at approximately $6,296,391.66. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock valued at $2,688,470 in the last ninety days. Insiders own 2.30% of the company’s stock.
ROP traded up $1.95 on Wednesday, hitting $353.58. The company had a trading volume of 5,681 shares, compared to its average volume of 383,007. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $363.85. The firm has a market capitalization of $36.23 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.10 and a quick ratio of 0.95.
Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.52. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $2.61 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Roper Technologies Inc will post 12.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, April 5th. Roper Technologies’s dividend payout ratio is 15.66%.
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About Roper Technologies
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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