United Capital Financial Advisers LLC Raises Stock Holdings in Roper Technologies Inc (NYSE:ROP)

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United Capital Financial Advisers LLC increased its position in Roper Technologies Inc (NYSE:ROP) by 856.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,322 shares of the industrial products company’s stock after purchasing an additional 26,256 shares during the period. United Capital Financial Advisers LLC’s holdings in Roper Technologies were worth $10,739,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC grew its position in Roper Technologies by 95.8% in the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock valued at $592,690,000 after purchasing an additional 848,157 shares during the period. Geode Capital Management LLC grew its position in Roper Technologies by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock valued at $358,725,000 after purchasing an additional 103,001 shares during the period. JPMorgan Chase & Co. grew its position in Roper Technologies by 3.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,325,385 shares of the industrial products company’s stock valued at $481,034,000 after purchasing an additional 39,516 shares during the period. American Century Companies Inc. grew its position in Roper Technologies by 3.5% in the 1st quarter. American Century Companies Inc. now owns 1,278,952 shares of the industrial products company’s stock valued at $437,363,000 after purchasing an additional 43,134 shares during the period. Finally, Northern Trust Corp grew its position in Roper Technologies by 1.2% in the 2nd quarter. Northern Trust Corp now owns 1,198,063 shares of the industrial products company’s stock valued at $438,803,000 after purchasing an additional 14,228 shares during the period. 92.42% of the stock is currently owned by institutional investors.

ROP has been the topic of several recent analyst reports. Barclays raised their price objective on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Royal Bank of Canada raised their price objective on Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Raymond James raised their price objective on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price objective on the stock. in a research note on Monday, September 9th. Finally, Oppenheimer raised their price objective on Roper Technologies from $375.00 to $400.00 in a research note on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $377.50.

Shares of NYSE ROP traded up $1.07 during midday trading on Friday, hitting $359.55. 362,580 shares of the company’s stock were exchanged, compared to its average volume of 402,362. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $385.51. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. The company has a market cap of $37.28 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.50 and a beta of 1.16. The business’s fifty day moving average price is $359.35 and its two-hundred day moving average price is $353.71.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.05 by $0.02. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.89 earnings per share. Equities analysts expect that Roper Technologies Inc will post 13.01 earnings per share for the current fiscal year.

In other news, Director Amy Woods Brinkley sold 1,500 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $360.54, for a total transaction of $540,810.00. Following the transaction, the director now directly owns 15,380 shares of the company’s stock, valued at $5,545,105.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total value of $181,520.00. Following the transaction, the director now directly owns 9,080 shares in the company, valued at $3,296,403.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,000 shares of company stock worth $1,449,210. Insiders own 1.90% of the company’s stock.

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

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