Bridges Investment Management Inc. lifted its position in Roper Technologies Inc (NYSE:ROP) by 0.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,283 shares of the industrial products company’s stock after purchasing an additional 323 shares during the period. Bridges Investment Management Inc.’s holdings in Roper Technologies were worth $11,942,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. HPM Partners LLC boosted its holdings in shares of Roper Technologies by 5.2% in the second quarter. HPM Partners LLC now owns 7,225 shares of the industrial products company’s stock valued at $1,993,000 after purchasing an additional 359 shares during the period. Scopus Asset Management L.P. lifted its holdings in Roper Technologies by 192.4% during the second quarter. Scopus Asset Management L.P. now owns 100,000 shares of the industrial products company’s stock worth $27,591,000 after buying an additional 65,800 shares during the period. Centaurus Financial Inc. purchased a new stake in Roper Technologies during the second quarter worth $213,000. Tower Research Capital LLC TRC lifted its holdings in Roper Technologies by 229.4% during the second quarter. Tower Research Capital LLC TRC now owns 929 shares of the industrial products company’s stock worth $256,000 after buying an additional 647 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Roper Technologies by 1,234.4% during the second quarter. Marshall Wace LLP now owns 131,637 shares of the industrial products company’s stock worth $36,320,000 after buying an additional 121,772 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.
ROP has been the subject of a number of analyst reports. Raymond James lowered Roper Technologies from a “strong-buy” rating to an “outperform” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 target price for the company in a report on Monday, July 30th. JPMorgan Chase & Co. upped their target price on Roper Technologies from $300.00 to $303.00 and gave the stock an “overweight” rating in a report on Tuesday, May 22nd. Argus upped their target price on Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, ValuEngine upgraded Roper Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $313.50.
Roper Technologies stock opened at $310.96 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 0.66. The firm has a market cap of $31.56 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.15 and a beta of 1.12. Roper Technologies Inc has a twelve month low of $234.91 and a twelve month high of $312.38.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.19. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. Roper Technologies had a return on equity of 15.81% and a net margin of 21.99%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.24 earnings per share. analysts anticipate that Roper Technologies Inc will post 11.51 earnings per share for the current fiscal year.
In other news, Director Robert E. Knowling, Jr. sold 3,000 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $297.86, for a total transaction of $893,580.00. Following the transaction, the director now directly owns 14,038 shares of the company’s stock, valued at $4,181,358.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman purchased 500 shares of Roper Technologies stock in a transaction dated Friday, July 27th. The shares were acquired at an average cost of $299.50 per share, for a total transaction of $149,750.00. Following the completion of the transaction, the director now owns 52,465 shares of the company’s stock, valued at approximately $15,713,267.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 8,750 shares of company stock worth $2,616,258. Insiders own 2.30% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
Further Reading: Earnings Per Share
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