Andra AP fonden Sells 12,200 Shares of Roper Technologies, Inc. (NYSE:ROP)

Andra AP fonden trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 91.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,100 shares of the industrial products company’s stock after selling 12,200 shares during the quarter. Andra AP fonden’s holdings in Roper Technologies were worth $620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Steward Partners Investment Advisory LLC grew its stake in Roper Technologies by 236.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock valued at $4,493,000 after acquiring an additional 5,789 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Roper Technologies by 497.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after buying an additional 7,768 shares during the period. Stifel Financial Corp lifted its stake in Roper Technologies by 5.9% in the fourth quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company’s stock valued at $27,416,000 after buying an additional 2,811 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Roper Technologies by 90.7% in the fourth quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company’s stock valued at $29,092,000 after buying an additional 25,384 shares during the period. Finally, ORG Partners LLC increased its position in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after acquiring an additional 1,024 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $551.31 on Friday. The firm’s fifty day moving average price is $548.08 and its two-hundred day moving average price is $544.95. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10. The firm has a market capitalization of $59.10 billion, a P/E ratio of 40.01, 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 earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. As a group, research analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the 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 sale, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were 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 in the company, valued at approximately $3,251,959.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ROP shares. Truist Financial reaffirmed a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. 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. Barclays boosted their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada raised their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $616.00.

Roper Technologies Company Profile

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.