Janney Montgomery Scott LLC, a reputable investment and brokerage company with an excellent track record of growth and profitability, has significantly increased its position in Roper Technologies, Inc. (NYSE:ROP). Janney Montgomery Scott LLC reportedly increased its stake in Roper Technologies by 13.4% during the fourth quarter according to information disclosed by the investment firm through the latest Form 13F filing with the Securities and Exchange Commission.
On the topic of fund ownership, Janney Montgomery Scott LLC’s holdings have been valued at $13,516,000 based on its most recent filing with the Securities and Exchange Commission. The renowned financial institution secured an additional 3,694 shares of Roper Technologies’ industrial products company stock during its most recent purchase activity bringing their total share ownership to roughly 31,280 altogether.
In another piece of related news that might interest investors all over Wall Street and beyond, Director Robert D. Johnson recently sold 250 shares of Roper Technologies stock in a transaction executed on Thursday March 30th. According to reports surrounding this event on Wall Street as well as filings available through the SEC website stated that Johnson sold off those shares at an average unit price of $436.00 apiece resulting in gross proceeds of $109,000.00 from this particular sale alone.
Following this sale transaction coupled with his previous movements Johnson is believed to be one of the more significant investors within Roper Technologies today that being said he now only owns approximately 6,153 shares within the company itself alongside a current holding value reported to be around $2,682,708.
The disclosure featuring data about another sale accomplished by Director Christopher Wright also surfaced lately suggesting he acquired total gross revenue worth nearly $202,318 from selling off roughly 471 shares at an average price per share recorded as $429.55 each back on Tuesday March seventh. These details were revealed following mandatory filings involving insiders holding substantial portions of stock at Roper Technologies and also published through the company’s SEC filing. As recent reports indicate, insiders presently control 0.88% of the business’ stock.
Despite all these interesting transactions happening as of late shares of NYSE ROP opened for trading on Tuesday, March 7th priced at $442.92 indicating a higher probability that investors will jump into this share soon enough or wait patiently given some early indications from seasoned parties involved in such matters beforehand. With a debt-to-equity ratio recorded at roughly 0.37, Roper Technologies has been able to maintain a current and quick ratio that satisfies its shareholders while boasting an impressive market capitalization standing at $47.06 billion with a P/E ratio of 10.40 alongside a P/E/G score of 2.61 which points to potential growth opportunities in near future based on both fundamentals and technicals alike.
Finally, it is worth noting that during the last twelve months trading span over at NYSE ROP, the low-end range for this well-diversified portfolio belonged to $356.21 while the high-end lost upwards of $487 pointing towards possibilities in price fluctuations moving forward although current data shows tremendous activity within Wall Street regarding investor engagement in this instrument when compared historically speaking against other rivals in the same space; however thorough due diligence is urged prior to making any stock purchase decisions by retail traders and larger investors alike as no guarantee exists when it comes to investing one’s hard-earned funds into market-based instruments such as equities like those observed here in Roper Technologies Inc (NYSE:ROP).
Institutional investors and hedge funds change positions in Roper Technologies as equities analysts provide divergent outlooks
Roper Technologies (NYSE:ROP), a leading industrial products company, has recently seen changes in their positions from several institutional investors and hedge funds. Moody Lynn & Lieberson LLC has bought a new position in Roper Technologies worth $3,513,000 during the 4th quarter while Conestoga Capital Advisors LLC raised its stake by 3.7% during that same period. Similarly, Mastrapasqua Asset Management Inc. also purchased new shares amounting to approximately $1,674,000 whereas AIA Group Ltd boosted their position by 138.6%, now owning 1,205 shares at $521,000 as of the last quarter. Kestra Advisory Services LLC increased its holding by 19.9% and now owns over 11,707 shares worth $5,058,000 as of the end of Q4-2016.
Equities analysts have been rating this stock with various outlooks; JPMorgan Chase & Co., for example, rated it “neutral” and lifted their price objective for the stock from $385.00 to $420.00. On the other hand, Royal Bank of Canada rated it “outperform” with a $528 target price while Mizuho gave a “neutral” rating with a target price set at $475. Moreover, StockNews.com rated it with a “hold”. Currently, the average rating is at ‘Moderate Buy’.
As reported recently, Director Robert D Johnson sold 250 shares of Roper Technologies stock worth $109k at an average price of $436/share on Thursday March 30th leaving him directly owning nearly 6k shares now valued at roughly $2.68m via SEC filings available online.
Roper Technologies declared quarterly earnings data on January 27th revealing EPS figures slightly in excess of market consensus estimates indicating profits much higher than anticipated despite revenues coming just shy of $1.43bn. They have a net margin of over 80% as well as a return on equity of 11.43%. Analysts predict Roper Technologies, Inc. to post 16.07 EPS for the current year.
Lastly, Roper Technologies also announced a quarterly dividend hike to $.683 per share compared to $.68 previously held, with an ex-dividend date of April 5th for shareholders on record on April 6th.