United Capital Financial Advisers LLC increased its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 856.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 29,322 shares of the industrial products company’s stock after acquiring an additional 26,256 shares during the period. United Capital Financial Advisers LLC’s holdings in Roper Technologies were worth $10,739,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Hoylecohen LLC bought a new stake in Roper Technologies during the 1st quarter valued at $256,000. FMR LLC increased its holdings in shares of Roper Technologies by 95.8% in the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock valued at $592,690,000 after acquiring an additional 848,157 shares during the period. Northern Trust Corp increased its holdings in shares of Roper Technologies by 1.8% in the 1st quarter. Northern Trust Corp now owns 1,183,835 shares of the industrial products company’s stock valued at $404,835,000 after acquiring an additional 21,194 shares during the period. Tredje AP fonden increased its holdings in shares of Roper Technologies by 1.5% in the 1st quarter. Tredje AP fonden now owns 8,779 shares of the industrial products company’s stock valued at $3,002,000 after acquiring an additional 129 shares during the period. Finally, San Francisco Sentry Investment Group CA increased its holdings in shares of Roper Technologies by 6.0% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,672 shares of the industrial products company’s stock valued at $978,000 after acquiring an additional 151 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.
ROP stock traded up $1.07 on Friday, hitting $359.55. 362,580 shares of the company’s stock were exchanged, compared to its average volume of 402,362. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $385.51. The firm has a 50 day moving average price of $359.35 and a two-hundred day moving average price of $353.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.11. The stock has a market cap of $37.28 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16.
Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned $2.89 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts expect that Roper Technologies Inc will post 13.01 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on ROP shares. Royal Bank of Canada lifted their price target on Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price target on the stock. in a report on Monday, September 9th. Raymond James lifted their price target on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Wells Fargo & Co lifted their price target on Roper Technologies from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Oppenheimer lifted their price target on Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and a consensus price target of $377.50.
In other Roper Technologies news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total transaction of $181,520.00. Following the sale, the director now owns 9,080 shares in the company, valued at approximately $3,296,403.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the sale, the director now owns 12,918 shares in the company, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,000 shares of company stock worth $1,449,210. Company insiders own 1.90% of the company’s stock.
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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