Amundi Pioneer Asset Management Inc. increased its stake in Roper Technologies Inc (NYSE:ROP) by 15.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,021 shares of the industrial products company’s stock after purchasing an additional 12,198 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.09% of Roper Technologies worth $22,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Creative Planning increased its holdings in Roper Technologies by 12.7% during the 2nd quarter. Creative Planning now owns 807 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 91 shares in the last quarter. APG Asset Management N.V. purchased a new position in Roper Technologies during the 2nd quarter valued at about $3,612,000. NGAM Advisors L.P. purchased a new position in Roper Technologies during the 2nd quarter valued at about $8,749,000. IBM Retirement Fund increased its holdings in Roper Technologies by 120.8% during the 2nd quarter. IBM Retirement Fund now owns 2,458 shares of the industrial products company’s stock valued at $636,000 after acquiring an additional 1,345 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Roper Technologies by 74.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,362 shares of the industrial products company’s stock valued at $778,000 after acquiring an additional 1,435 shares in the last quarter. Institutional investors and hedge funds own 98.09% of the company’s stock.

In other Roper Technologies news, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the transaction, the vice president now directly owns 14,571 shares of the company’s stock, valued at $3,569,895. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher Wright sold 500 shares of Roper Technologies stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $237.04, for a total transaction of $118,520.00. Following the transaction, the director now directly owns 64,604 shares in the company, valued at $15,313,732.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,750 shares of company stock worth $2,681,690. 2.50% of the stock is currently owned by corporate insiders.

Roper Technologies Inc (NYSE:ROP) traded down $2.80 on Thursday, hitting $262.24. 398,600 shares of the company traded hands, compared to its average volume of 426,380. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. Roper Technologies Inc has a twelve month low of $180.94 and a twelve month high of $265.68. The firm has a market capitalization of $27,130.08, a PE ratio of 30.93, a PEG ratio of 2.31 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. research analysts expect that Roper Technologies Inc will post 9.31 earnings per share for the current year.

ROP has been the subject of several recent research reports. J P Morgan Chase & Co upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $223.00 to $275.00 in a report on Wednesday, September 20th. Cowen restated a “buy” rating and set a $250.00 target price on shares of Roper Technologies in a report on Thursday, October 12th. Royal Bank Of Canada raised their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Oppenheimer restated a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target for the company in a report on Monday, October 2nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $253.67.

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Roper Technologies Profile

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

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