Chevy Chase Trust Holdings Inc. increased its stake in shares of Roper Technologies Inc (NYSE:ROP) by 13.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,108 shares of the industrial products company’s stock after purchasing an additional 23,570 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.20% of Roper Technologies worth $49,195,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Roper Technologies by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock worth $1,755,000 after purchasing an additional 23 shares during the period. Bellwether Investment Group LLC grew its stake in shares of Roper Technologies by 1.2% during the second quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 26 shares during the period. Scotia Capital Inc. lifted its holdings in Roper Technologies by 1.8% during the second quarter. Scotia Capital Inc. now owns 1,744 shares of the industrial products company’s stock worth $404,000 after acquiring an additional 30 shares in the last quarter. Pitcairn Co. lifted its holdings in Roper Technologies by 0.3% during the second quarter. Pitcairn Co. now owns 13,754 shares of the industrial products company’s stock worth $3,184,000 after acquiring an additional 44 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in Roper Technologies by 3.5% during the second quarter. Fiera Capital Corp now owns 1,340 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 45 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Robert W. Baird lifted their target price on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Royal Bank Of Canada lifted their target price on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Cowen reiterated a “buy” rating and set a $250.00 target price on shares of Roper Technologies in a report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $253.67.
In other news, Director Robert E. Knowling, Jr. sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $259.51, for a total value of $1,038,040.00. Following the sale, the director now directly owns 14,038 shares in the company, valued at $3,643,001.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher Wright sold 500 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $237.04, for a total value of $118,520.00. Following the completion of the sale, the director now owns 64,604 shares in the company, valued at $15,313,732.16. 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. Corporate insiders own 2.50% of the company’s stock.
Shares of Roper Technologies Inc (NYSE ROP) traded up $1.57 during trading on Friday, hitting $260.48. The stock had a trading volume of 432,500 shares, compared to its average volume of 426,363. The company has a market capitalization of $26,670.00, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. Roper Technologies Inc has a 12 month low of $182.03 and a 12 month high of $267.83. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 earnings per share. analysts expect that Roper Technologies Inc will post 9.31 earnings per share for the current fiscal year.
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Roper Technologies Company Profile
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