Exencial Wealth Advisors LLC raised its holdings in Roper Technologies Inc (NYSE:ROP) by 16.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,095 shares of the industrial products company’s stock after acquiring an additional 156 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Roper Technologies were worth $374,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in ROP. Vanguard Group Inc lifted its holdings in shares of 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 last quarter. Assenagon Asset Management S.A. lifted its position in shares of Roper Technologies by 53.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,961 shares of the industrial products company’s stock worth $523,000 after acquiring an additional 687 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Roper Technologies by 9.8% in the 4th quarter. IFM Investors Pty Ltd now owns 5,952 shares of the industrial products company’s stock worth $1,586,000 after acquiring an additional 533 shares during the period. Newman Dignan & Sheerar Inc. lifted its position in shares of Roper Technologies by 5.6% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 2,657 shares of the industrial products company’s stock worth $708,000 after acquiring an additional 140 shares during the period. Finally, North Point Portfolio Managers Corp OH bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $9,049,000. 93.20% of the stock is owned by institutional investors.
A number of analysts have commented on ROP shares. Barclays raised their price objective on Roper Technologies from $316.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 3rd. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a report on Tuesday, March 19th. Argus increased their target price on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Stephens increased their target price on Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Raymond James raised their price target on Roper Technologies from $330.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $349.90.
Roper Technologies stock traded down $0.69 during mid-day trading on Friday, reaching $364.62. The company’s stock had a trading volume of 327,520 shares, compared to its average volume of 393,701. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $369.95. The firm has a market capitalization of $37.97 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 2.57 and a beta of 1.19. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.
Roper Technologies (NYSE:ROP) last released its earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.52. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.61 earnings per share. On average, equities research analysts forecast that Roper Technologies Inc will post 12.92 EPS for the current year.
In other news, insider Laurence Neil Hunn sold 47,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the completion of the transaction, the insider now directly owns 218,866 shares in the company, valued at $77,644,902.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $344.76, for a total transaction of $258,570.00. Following the transaction, the director now owns 7,700 shares of the company’s stock, valued at $2,654,652. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,500 shares of company stock valued at $17,506,518. Corporate insiders own 2.30% of the company’s stock.
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Roper Technologies Company 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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