Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Nelson Capital Management LLC

Nelson Capital Management LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,602 shares of the industrial products company’s stock after selling 28 shares during the period. Roper Technologies makes up 1.0% of Nelson Capital Management LLC’s portfolio, making the stock its 27th biggest position. Nelson Capital Management LLC’s holdings in Roper Technologies were worth $5,412,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ROP. New Covenant Trust Company N.A. purchased a new position in shares of Roper Technologies in the first quarter valued at $25,000. Rise Advisors LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $27,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the first quarter valued at $29,000. Versant Capital Management Inc boosted its stake in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

ROP stock opened at $549.84 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a market cap of $58.94 billion, a P/E ratio of 39.90, a P/E/G ratio of 2.87 and a beta of 1.02. The firm has a 50 day simple moving average of $548.26 and a 200 day simple moving average of $544.90. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Research analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on ROP. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Oppenheimer reduced their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Royal Bank of Canada increased their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $616.00.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.