First Republic Investment Management Inc. grew its position in Roper Technologies Inc (NYSE:ROP) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,271 shares of the industrial products company’s stock after purchasing an additional 7,153 shares during the period. First Republic Investment Management Inc. owned approximately 0.16% of Roper Technologies worth $45,875,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. HL Financial Services LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $330,000. Wells Fargo & Company MN boosted its stake in shares of Roper Technologies by 23.1% in the 1st quarter. Wells Fargo & Company MN now owns 364,111 shares of the industrial products company’s stock valued at $102,202,000 after purchasing an additional 68,395 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Roper Technologies by 12.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,512 shares of the industrial products company’s stock worth $986,000 after buying an additional 402 shares during the period. Dupont Capital Management Corp acquired a new stake in Roper Technologies during the 1st quarter worth approximately $383,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in Roper Technologies by 85.0% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 4,580 shares of the industrial products company’s stock worth $1,286,000 after buying an additional 2,104 shares during the period. 92.52% of the stock is currently owned by institutional investors and hedge funds.
ROP has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 target price on the stock in a research report on Monday, July 30th. Raymond James downgraded shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $300.00 to $303.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 22nd. Argus lifted their target price on shares of Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $313.50.
In other news, Director Christopher Wright sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $286.97, for a total value of $358,712.50. Following the transaction, the director now owns 63,300 shares in the company, valued at approximately $18,165,201. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Knowling, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $297.86, for a total transaction of $893,580.00. Following the completion of the transaction, the director now owns 14,038 shares in the company, valued at approximately $4,181,358.68. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock worth $2,974,970 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.
NYSE:ROP opened at $303.11 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80. Roper Technologies Inc has a one year low of $228.07 and a one year high of $312.38. The company has a market cap of $30.84 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.
Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, July 26th. The industrial products company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.70 by $0.19. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. Roper Technologies had a net margin of 21.99% and a return on equity of 15.81%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $2.24 EPS. analysts expect that Roper Technologies Inc will post 11.51 earnings per share for the current fiscal year.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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