AGF Investments LLC Reduces Holdings in Roper Technologies Inc (NYSE:ROP)

AGF Investments LLC lessened its position in shares of Roper Technologies Inc (NYSE:ROP) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,161 shares of the industrial products company’s stock after selling 249 shares during the period. AGF Investments LLC’s holdings in Roper Technologies were worth $674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CI Investments Inc. lifted its position in shares of Roper Technologies by 8.6% during the 4th quarter. CI Investments Inc. now owns 579 shares of the industrial products company’s stock valued at $205,000 after buying an additional 46 shares during the last quarter. Villere ST Denis J & Co. LLC lifted its position in shares of Roper Technologies by 0.3% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 224,164 shares of the industrial products company’s stock valued at $79,405,000 after buying an additional 660 shares during the last quarter. Legacy Financial Strategies LLC lifted its position in shares of Roper Technologies by 7.7% during the 4th quarter. Legacy Financial Strategies LLC now owns 2,518 shares of the industrial products company’s stock valued at $892,000 after buying an additional 180 shares during the last quarter. US Bancorp DE lifted its position in shares of Roper Technologies by 0.4% during the 4th quarter. US Bancorp DE now owns 36,768 shares of the industrial products company’s stock valued at $13,024,000 after buying an additional 150 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of Roper Technologies by 39.1% during the 4th quarter. Wealthfront Advisers LLC now owns 3,347 shares of the industrial products company’s stock valued at $1,186,000 after buying an additional 941 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ROP opened at $367.06 on Friday. The firm has a market capitalization of $38.11 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.49. The stock’s 50-day simple moving average is $331.13 and its two-hundred day simple moving average is $348.18. Roper Technologies Inc has a twelve month low of $240.00 and a twelve month high of $395.00.

Roper Technologies (NYSE:ROP) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Roper Technologies had a return on equity of 14.94% and a net margin of 30.17%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.30 EPS. As a group, research analysts anticipate that Roper Technologies Inc will post 12.14 EPS for the current fiscal year.

A number of brokerages recently issued reports on ROP. Wells Fargo & Co dropped their price objective on Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Cowen increased their price objective on Roper Technologies from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Barclays reissued a “hold” rating and set a $340.00 price objective on shares of Roper Technologies in a report on Wednesday, April 29th. Royal Bank of Canada increased their price objective on Roper Technologies from $395.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Argus dropped their price objective on Roper Technologies from $410.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $386.70.

In other news, Director Christopher Wright sold 3,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $268.11, for a total transaction of $804,330.00. Following the transaction, the director now directly owns 53,524 shares in the company, valued at approximately $14,350,319.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 4,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $370.00, for a total value of $1,480,000.00. Following the transaction, the vice president now owns 38,044 shares in the company, valued at $14,076,280. The disclosure for this sale can be found here. Insiders sold a total of 10,500 shares of company stock worth $3,529,105 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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