Norinchukin Bank The grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 7,080 shares of the industrial products company’s stock after acquiring an additional 461 shares during the period. Norinchukin Bank The’s holdings in Roper Technologies were worth $1,639,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of Roper Technologies by 2.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 190,407 shares of the industrial products company’s stock valued at $44,082,000 after acquiring an additional 3,910 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Roper Technologies by 8.0% during the 2nd quarter. Teachers Advisors LLC now owns 437,270 shares of the industrial products company’s stock valued at $101,241,000 after acquiring an additional 32,357 shares during the last quarter. Fiera Capital Corp lifted its position in shares of Roper Technologies by 3.5% during the 2nd quarter. Fiera Capital Corp now owns 1,340 shares of the industrial products company’s stock valued at $310,000 after acquiring an additional 45 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of Roper Technologies by 4.7% during the 2nd quarter. Raymond James Trust N.A. now owns 3,785 shares of the industrial products company’s stock valued at $876,000 after acquiring an additional 170 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its position in shares of Roper Technologies by 1.7% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 24,249 shares of the industrial products company’s stock valued at $5,614,000 after acquiring an additional 401 shares during the last quarter. Institutional investors own 94.35% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE ROP) opened at 237.83 on Friday. The stock has a market cap of $24.31 billion, a price-to-earnings ratio of 35.61 and a beta of 1.05. Roper Technologies, Inc. has a 12-month low of $167.50 and a 12-month high of $238.49. The stock has a 50 day moving average price of $232.67 and a 200-day moving average price of $223.96.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.02. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the firm posted $1.56 earnings per share. Equities analysts anticipate that Roper Technologies, Inc. will post $9.28 EPS for the current fiscal year.

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ROP has been the subject of a number of recent research reports. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 price objective on shares of Roper Technologies in a research report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 price objective on shares of Roper Technologies in a research report on Wednesday, July 12th. Raymond James Financial, Inc. increased their price objective on Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Finally, BidaskClub downgraded Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $238.42.

In other news, Director Christopher Wright sold 1,000 shares of Roper Technologies stock in a transaction on Monday, August 14th. The shares were sold at an average price of $234.00, for a total transaction of $234,000.00. Following the transaction, the director now directly owns 65,104 shares of the company’s stock, valued at $15,234,336. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Wilbur J. Prezzano sold 2,000 shares of Roper Technologies stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total transaction of $471,600.00. Following the transaction, the director now directly owns 22,000 shares in the company, valued at $5,187,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,500 shares of company stock worth $1,529,530. Insiders own 2.50% of the company’s stock.

About Roper Technologies

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

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