Private Advisor Group LLC Buys 270 Shares of Roper Technologies, Inc. (NYSE:ROP)

Private Advisor Group LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,409 shares of the industrial products company’s stock after acquiring an additional 270 shares during the period. Private Advisor Group LLC’s holdings in Roper Technologies were worth $3,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new position in Roper Technologies during the 4th quarter worth about $756,176,000. First Trust Advisors LP boosted its position in shares of Roper Technologies by 149.7% during the fourth quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after buying an additional 220,006 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Roper Technologies by 32.8% during the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after buying an additional 211,967 shares in the last quarter. Wellington Management Group LLP raised its position in Roper Technologies by 134.5% in the 4th quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock valued at $148,702,000 after buying an additional 156,468 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after acquiring an additional 125,387 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 0.5 %

ROP opened at $549.84 on Thursday. The stock’s fifty day simple moving average is $548.26 and its 200 day simple moving average is $544.90. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The stock has a market cap of $58.94 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. As a group, research analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROP. Barclays raised their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada raised their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Finally, Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $616.00.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.