Tredje AP fonden reduced its stake in shares of Roper Technologies Inc (NYSE:ROP) by 27.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,585 shares of the industrial products company’s stock after selling 2,851 shares during the quarter. Tredje AP fonden’s holdings in Roper Technologies were worth $2,603,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its stake in Roper Technologies by 291.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 90 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 67 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in Roper Technologies in the first quarter worth $31,000. Horizon Bancorp Inc. IN bought a new position in shares of Roper Technologies during the fourth quarter worth $38,000. Bartlett & Co. LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at $41,000. Finally, Arden Trust Co bought a new stake in shares of Roper Technologies in the 1st quarter valued at $44,000. 92.73% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the company. Argus decreased their target price on Roper Technologies from $410.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Royal Bank of Canada boosted their price objective on Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Co dropped their target price on shares of Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Barclays reaffirmed a “hold” rating and issued a $340.00 price target on shares of Roper Technologies in a research note on Wednesday, April 29th. Finally, Cowen increased their price objective on shares of Roper Technologies from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Roper Technologies presently has a consensus rating of “Buy” and a consensus target price of $386.70.
NYSE ROP traded up $2.00 during trading on Friday, hitting $367.06. The stock had a trading volume of 321,754 shares, compared to its average volume of 722,218. Roper Technologies Inc has a 12 month low of $240.00 and a 12 month high of $395.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.96. The company’s 50-day moving average price is $331.13 and its two-hundred day moving average price is $348.18. The company has a market capitalization of $38.11 billion, a PE ratio of 23.56, a P/E/G ratio of 2.86 and a beta of 1.03.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.14. Roper Technologies had a net margin of 30.17% and a return on equity of 14.94%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $3.30 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies Inc will post 12.14 earnings per share for the current fiscal year.
In other news, VP John K. Stipancich sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $370.00, for a total transaction of $1,480,000.00. Following the sale, the vice president now owns 38,044 shares in the company, valued at approximately $14,076,280. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wilbur J. Prezzano sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $355.65, for a total value of $1,244,775.00. Following the sale, the director now owns 16,880 shares in the company, valued at approximately $6,003,372. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,500 shares of company stock valued at $3,529,105. Company insiders own 1.90% of the company’s stock.
Roper Technologies Company Profile
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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