Argent Trust Co raised its position in Roper Technologies Inc (NYSE:ROP) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,177 shares of the industrial products company’s stock after buying an additional 106 shares during the period. Argent Trust Co’s holdings in Roper Technologies were worth $990,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Fiera Capital Corp lifted its position in Roper Technologies by 4.4% during the 4th quarter. Fiera Capital Corp now owns 621 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 26 shares during the period. Creative Planning raised its stake in shares of Roper Technologies by 1.5% during the fourth quarter. Creative Planning now owns 1,797 shares of the industrial products company’s stock worth $637,000 after buying an additional 27 shares during the last quarter. CAPROCK Group Inc. lifted its holdings in Roper Technologies by 3.8% in the fourth quarter. CAPROCK Group Inc. now owns 771 shares of the industrial products company’s stock valued at $273,000 after buying an additional 28 shares during the period. Gofen & Glossberg LLC IL lifted its holdings in Roper Technologies by 3.2% in the fourth quarter. Gofen & Glossberg LLC IL now owns 965 shares of the industrial products company’s stock valued at $342,000 after buying an additional 30 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Roper Technologies by 1.0% in the fourth quarter. Cetera Investment Advisers now owns 3,066 shares of the industrial products company’s stock valued at $1,094,000 after acquiring an additional 30 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
In other Roper Technologies news, VP John K. Stipancich sold 4,000 shares of Roper Technologies stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $370.00, for a total value of $1,480,000.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Wright sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $268.11, for a total value of $804,330.00. Following the completion of the sale, the director now owns 53,524 shares in the company, valued at $14,350,319.64. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock worth $3,529,105 over the last ninety days. 1.90% of the stock is currently owned by insiders.
Shares of NYSE:ROP traded up $2.00 during trading on Friday, hitting $367.06. 321,754 shares of the company’s stock traded hands, compared to its average volume of 722,218. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $331.13 and a 200-day moving average price of $348.18. Roper Technologies Inc has a 52 week low of $240.00 and a 52 week high of $395.00. The company 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 announced its earnings results on Tuesday, April 28th. The industrial products company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Roper Technologies had a net margin of 30.17% and a return on equity of 14.94%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $3.30 EPS. On average, analysts predict that Roper Technologies Inc will post 12.14 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. Barclays reissued a “hold” rating and issued a $340.00 price target on shares of Roper Technologies in a research note on Wednesday, April 29th. Argus cut their target price on Roper Technologies from $410.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Royal Bank of Canada boosted their target price on Roper Technologies from $395.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Cowen increased their price target on shares of Roper Technologies from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Co reduced their price objective on shares of Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus target price of $386.70.
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.
Recommended Story: Do back-end load funds outperform no-load funds?
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.