Nelson Roberts Investment Advisors LLC Boosts Position in Roper Technologies Inc (NYSE:ROP)

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Nelson Roberts Investment Advisors LLC increased its stake in Roper Technologies Inc (NYSE:ROP) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,777 shares of the industrial products company’s stock after acquiring an additional 51 shares during the quarter. Nelson Roberts Investment Advisors LLC’s holdings in Roper Technologies were worth $6,651,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Fiera Capital Corp increased its position in Roper Technologies by 4.4% during the 4th quarter. Fiera Capital Corp now owns 621 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 26 shares during the period. Creative Planning increased its position in Roper Technologies by 1.5% during the 4th quarter. Creative Planning now owns 1,797 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 27 shares during the period. CAPROCK Group Inc. increased its position in Roper Technologies by 3.8% during the 4th quarter. CAPROCK Group Inc. now owns 771 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 28 shares during the period. Sawgrass Asset Management LLC increased its position in Roper Technologies by 0.5% during the 3rd quarter. Sawgrass Asset Management LLC now owns 5,939 shares of the industrial products company’s stock valued at $2,118,000 after purchasing an additional 30 shares during the period. Finally, Gofen & Glossberg LLC IL increased its position in Roper Technologies by 3.2% during the 4th quarter. Gofen & Glossberg LLC IL now owns 965 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 30 shares during the period. 92.94% of the stock is currently owned by institutional investors.

A number of research firms have commented on ROP. Royal Bank of Canada raised their target price on shares of 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 raised their target price on shares of Roper Technologies from $425.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Barclays reaffirmed a “hold” rating and issued a $368.00 price objective on shares of Roper Technologies in a research report on Monday, February 3rd. Finally, Cowen lifted their price objective on shares of Roper Technologies from to and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $392.00.

Shares of Roper Technologies stock traded down $3.30 on Friday, reaching $351.70. The stock had a trading volume of 1,082,660 shares, compared to its average volume of 465,793. The company has a 50 day moving average price of $380.26 and a 200 day moving average price of $358.68. The company has a quick ratio of 0.75, a current ratio of 0.83 and a debt-to-equity ratio of 0.49. Roper Technologies Inc has a 1 year low of $315.09 and a 1 year high of $395.00. The stock has a market capitalization of $37.98 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.46 and a beta of 1.12.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.05. Roper Technologies had a net margin of 32.94% and a return on equity of 15.85%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm earned $3.22 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that Roper Technologies Inc will post 13.5 earnings per share for the current fiscal year.

In related news, Director Christopher Wright sold 500 shares of Roper Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $351.36, for a total value of $175,680.00. Following the completion of the sale, the director now directly owns 59,939 shares in the company, valued at approximately $21,060,167.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason Conley sold 2,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $352.46, for a total transaction of $881,150.00. Following the completion of the sale, the vice president now owns 22,070 shares of the company’s stock, valued at $7,778,792.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,500 shares of company stock worth $1,236,995. 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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