Roper Technologies Inc (ROP) is Vaughan Nelson Investment Management L.P.’s 6th Largest Position

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Vaughan Nelson Investment Management L.P. lifted its position in Roper Technologies Inc (NYSE:ROP) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 440,800 shares of the industrial products company’s stock after acquiring an additional 4,625 shares during the period. Roper Technologies comprises about 1.7% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 6th biggest holding. Vaughan Nelson Investment Management L.P.’s holdings in Roper Technologies were worth $117,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Roper Technologies by 0.7% during the third quarter. Vanguard Group Inc. now owns 11,266,186 shares of the industrial products company’s stock valued at $3,337,157,000 after purchasing an additional 76,582 shares during the period. Vanguard Group Inc lifted its position in Roper Technologies by 0.7% during the third quarter. Vanguard Group Inc now owns 11,266,186 shares of the industrial products company’s stock valued at $3,337,157,000 after purchasing an additional 76,582 shares during the period. Franklin Resources Inc. lifted its position in Roper Technologies by 1.5% during the third quarter. Franklin Resources Inc. now owns 5,087,740 shares of the industrial products company’s stock valued at $1,507,033,000 after purchasing an additional 73,754 shares during the period. JPMorgan Chase & Co. lifted its position in Roper Technologies by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock valued at $370,008,000 after purchasing an additional 134,469 shares during the period. Finally, American Century Companies Inc. lifted its position in Roper Technologies by 9.4% during the third quarter. American Century Companies Inc. now owns 1,203,440 shares of the industrial products company’s stock valued at $356,471,000 after purchasing an additional 103,569 shares during the period. Hedge funds and other institutional investors own 91.36% of the company’s stock.

ROP traded up $0.02 during trading on Thursday, hitting $287.51. The company’s stock had a trading volume of 3,692 shares, compared to its average volume of 356,721. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. Roper Technologies Inc has a one year low of $245.59 and a one year high of $312.65. The company has a market capitalization of $29.61 billion, a PE ratio of 30.29, a PEG ratio of 1.88 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th were given a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, January 8th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. This represents a $1.85 annualized dividend and a yield of 0.64%. Roper Technologies’s dividend payout ratio (DPR) is presently 19.64%.

In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 1,000 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $301.86, for a total transaction of $226,395.00. Following the completion of the transaction, the director now owns 9,200 shares in the company, valued at $2,777,112. The disclosure for this sale can be found here. Insiders sold 2,350 shares of company stock worth $689,375 over the last quarter. Insiders own 2.30% of the company’s stock.

A number of brokerages recently weighed in on ROP. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Barclays lowered their price objective on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a research report on Monday, October 29th. ValuEngine downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Finally, Stephens began coverage on shares of Roper Technologies in a research report on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $318.82.

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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.

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

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