Horizon Investments LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 40.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,090 shares of the industrial products company’s stock after buying an additional 883 shares during the period. Horizon Investments LLC’s holdings in Roper Technologies were worth $684,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Roper Technologies by 0.4% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,419 shares of the industrial products company’s stock worth $293,000 after buying an additional 5 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Roper Technologies by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock worth $1,755,000 after buying an additional 23 shares in the last quarter. Bellwether Investment Group LLC increased its holdings in shares of Roper Technologies by 1.2% during the second quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock worth $491,000 after buying an additional 26 shares in the last quarter. Cleararc Capital Inc. increased its holdings in shares of Roper Technologies by 1.4% during the first quarter. Cleararc Capital Inc. now owns 2,497 shares of the industrial products company’s stock worth $516,000 after buying an additional 35 shares in the last quarter. Finally, Lakeview Capital Partners LLC increased its holdings in shares of Roper Technologies by 3.4% during the first quarter. Lakeview Capital Partners LLC now owns 1,214 shares of the industrial products company’s stock worth $251,000 after buying an additional 40 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.

ROP has been the topic of several analyst reports. Raymond James Financial, Inc. boosted their price objective on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 price target on the stock in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $248.00 price target on shares of Roper Technologies in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a research report on Friday, July 7th. Finally, BidaskClub cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $243.08.

In related news, Director Robert D. Johnson sold 2,000 shares of the business’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 owns 10,900 shares of the company’s stock, valued at $2,561,173. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher Wright sold 1,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $234.00, for a total transaction of $234,000.00. Following the sale, the director now directly owns 65,104 shares in the company, valued at approximately $15,234,336. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock worth $1,529,530 in the last three months. 2.50% of the stock is currently owned by insiders.

Shares of Roper Technologies, Inc. (NYSE ROP) traded up 0.116% during trading on Friday, hitting $246.845. 130,160 shares of the stock traded hands. Roper Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $247.54. The firm has a market cap of $25.23 billion, a price-to-earnings ratio of 36.958 and a beta of 1.05. The company has a 50 day moving average price of $233.00 and a 200 day moving average price of $224.52.

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

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About Roper Technologies

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

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