KCM Investment Advisors LLC lowered its position in Roper Technologies, Inc. (NYSE:ROP) by 9.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,149 shares of the industrial products company’s stock after selling 124 shares during the quarter. KCM Investment Advisors LLC’s holdings in Roper Technologies were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ROP. Chicago Equity Partners LLC acquired a new stake in Roper Technologies in the first quarter valued at $250,000. UBS Asset Management Americas Inc. lifted its stake in Roper Technologies by 11.5% in the first quarter. UBS Asset Management Americas Inc. now owns 254,437 shares of the industrial products company’s stock valued at $52,539,000 after acquiring an additional 26,292 shares during the last quarter. First Personal Financial Services lifted its stake in Roper Technologies by 2,187.5% in the first quarter. First Personal Financial Services now owns 1,098 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 1,050 shares during the last quarter. Commerce Bank lifted its stake in Roper Technologies by 20.8% in the first quarter. Commerce Bank now owns 6,213 shares of the industrial products company’s stock valued at $1,283,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Peddock Capital Advisors LLC lifted its stake in Roper Technologies by 5.1% in the first quarter. Peddock Capital Advisors LLC now owns 5,106 shares of the industrial products company’s stock valued at $1,054,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

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A number of analysts have commented on the stock. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. increased their price target on shares of Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Canaccord Genuity reiterated a “hold” rating and issued a $225.00 price target on shares of Roper Technologies in a research note on Tuesday, August 1st. BidaskClub cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 price target on shares of Roper Technologies in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $238.42.

In other Roper Technologies news, Director Robert D. Johnson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $234.97, for a total transaction of $469,940.00. Following the sale, the director now directly owns 10,900 shares of the company’s stock, valued at $2,561,173. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Laura G. Thatcher sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $235.47, for a total transaction of $235,470.00. Following the sale, the director now directly owns 11,000 shares in the company, valued at $2,590,170. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,500 shares of company stock valued at $1,529,530. 2.50% of the stock is owned by company insiders.

Shares of Roper Technologies, Inc. (ROP) opened at 237.83 on Friday. The firm has a market cap of $24.31 billion, a PE ratio of 35.61 and a beta of 1.05. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $238.49. The stock’s 50 day moving average is $232.67 and its 200-day moving average is $223.96.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. Analysts expect that Roper Technologies, Inc. will post $9.28 earnings per share for the current year.

Roper Technologies Company Profile

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

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