Geneva Partners LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,150 shares of the industrial products company’s stock, valued at approximately $1,254,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Roper Technologies by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after acquiring an additional 354,064 shares during the period. Principal Financial Group Inc. raised its holdings in Roper Technologies by 3.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after acquiring an additional 57,035 shares during the period. American Century Companies Inc. raised its holdings in Roper Technologies by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock worth $314,666,000 after acquiring an additional 10,548 shares during the period. Northern Trust Corp raised its holdings in Roper Technologies by 0.5% in the 2nd quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock worth $253,887,000 after acquiring an additional 5,279 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Roper Technologies by 5.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,002,174 shares of the industrial products company’s stock worth $232,033,000 after purchasing an additional 54,477 shares during the period. Hedge funds and other institutional investors own 94.42% of the company’s stock.
Several research firms have recently issued reports on ROP. Oppenheimer Holdings, Inc. boosted their price objective on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Canaccord Genuity restated a “hold” rating and set a $225.00 price objective on shares of Roper Technologies in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $223.00 to $275.00 in a report on Wednesday, September 20th. Finally, Cowen and Company restated a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $253.67.
In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total value of $1,038,040.00. Following the transaction, the director now directly owns 14,038 shares in the company, valued at $3,643,001.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher Wright sold 250 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $258.64, for a total transaction of $64,660.00. Following the completion of the transaction, the director now owns 64,450 shares in the company, valued at $16,669,348. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,750 shares of company stock worth $2,681,690. Company insiders own 2.50% of the company’s stock.
Shares of Roper Technologies, Inc. (ROP) traded down $0.16 during trading on Monday, hitting $256.34. 345,200 shares of the stock traded hands, compared to its average volume of 430,367. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07. Roper Technologies, Inc. has a 1-year low of $179.96 and a 1-year high of $261.37. The firm has a market cap of $26,239.53, a price-to-earnings ratio of 29.91, a P/E/G ratio of 2.23 and a beta of 1.06.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. sell-side analysts predict that Roper Technologies, Inc. will post 9.31 earnings per share for the current year.
About Roper Technologies
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