Carnegie Capital Asset Management LLC increased its stake in shares of Roper Technologies Inc (NYSE:ROP) by 15.6% in the 1st quarter, Holdings Channel reports. The firm owned 713 shares of the industrial products company’s stock after purchasing an additional 96 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Roper Technologies were worth $222,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Valeo Financial Advisors LLC raised its holdings in Roper Technologies by 291.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 90 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 67 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in Roper Technologies in the 1st quarter valued at about $31,000. Horizon Bancorp Inc. IN acquired a new stake in Roper Technologies in the 4th quarter valued at about $38,000. Bartlett & Co. LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $41,000. Finally, Arden Trust Co acquired a new stake in Roper Technologies in the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.
A number of analysts have commented on the stock. Cowen increased their price objective on shares of Roper Technologies from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Wells Fargo & Co cut their price objective on shares of Roper Technologies from $400.00 to $390.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays reiterated a “hold” rating and issued a $340.00 price objective on shares of Roper Technologies in a report on Wednesday, April 29th. Finally, Argus dropped their price target on shares of Roper Technologies from $410.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $386.70.
In related news, VP John K. Stipancich sold 4,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $370.00, for a total transaction of $1,480,000.00. Following the completion of the transaction, the vice president now owns 38,044 shares of the company’s stock, valued at approximately $14,076,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wilbur J. Prezzano sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $355.65, for a total transaction of $1,244,775.00. Following the transaction, the director now directly owns 16,880 shares of the company’s stock, valued at approximately $6,003,372. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock valued at $3,529,105 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
Roper Technologies stock opened at $367.06 on Friday. The firm has a 50 day simple moving average of $331.13 and a 200-day simple moving average of $348.18. Roper Technologies Inc has a 1-year low of $240.00 and a 1-year high of $395.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.96 and a quick ratio of 0.87. The stock has a market cap of $38.11 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.14. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Roper Technologies had a net margin of 30.17% and a return on equity of 14.94%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $3.30 EPS. Equities analysts expect that Roper Technologies Inc will post 12.14 earnings per share for the current fiscal year.
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.
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.