Checchi Capital Advisers LLC boosted its position in Roper Technologies Inc (NYSE:ROP) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,041 shares of the industrial products company’s stock after purchasing an additional 59 shares during the period. Checchi Capital Advisers LLC’s holdings in Roper Technologies were worth $356,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in Roper Technologies by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 11,266,186 shares of the industrial products company’s stock worth $3,337,157,000 after purchasing an additional 76,582 shares during the period. Assenagon Asset Management S.A. boosted its stake in 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 purchasing an additional 687 shares during the period. IFM Investors Pty Ltd boosted its stake in 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 purchasing an additional 533 shares during the period. We Are One Seven LLC bought a new position in Roper Technologies in the 4th quarter worth approximately $35,000. Finally, Simmons Bank boosted its stake in Roper Technologies by 6.1% in the 4th quarter. Simmons Bank now owns 1,985 shares of the industrial products company’s stock worth $529,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 91.91% of the company’s stock.
ROP stock opened at $348.07 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $36.41 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. Roper Technologies Inc has a 1-year low of $245.59 and a 1-year high of $363.85.
Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, April 25th. The industrial products company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.52. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Roper Technologies had a return on equity of 17.00% and a net margin of 20.90%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 EPS. On average, sell-side analysts expect that Roper Technologies Inc will post 12.89 EPS for the current fiscal year.
Several research firms have weighed in on ROP. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research note on Tuesday, March 19th. Oppenheimer upped their price target on Roper Technologies from $335.00 to $375.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. ValuEngine upgraded Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Wells Fargo & Co upped their price target on Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Finally, Raymond James upped their price target on Roper Technologies from $330.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Roper Technologies currently has a consensus rating of “Buy” and a consensus target price of $349.90.
In other news, Director Christopher Wright sold 1,750 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $328.13, for a total transaction of $574,227.50. Following the completion of the transaction, the director now directly owns 60,163 shares in the company, valued at approximately $19,741,285.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laurence Neil Hunn sold 47,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $354.76, for a total value of $16,673,720.00. Following the transaction, the insider now owns 218,866 shares of the company’s stock, valued at $77,644,902.16. The disclosure for this sale can be found here. Insiders have sold a total of 49,500 shares of company stock valued at $17,492,530 over the last quarter. Corporate insiders own 2.30% of the company’s stock.
Roper Technologies 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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