Municipal Employees Retirement System of Michigan decreased its position in Roper Technologies Inc (NYSE:ROP) by 19.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,640 shares of the industrial products company’s stock after selling 630 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Roper Technologies were worth $643,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ROP. Janus Henderson Group PLC grew its position in shares of Roper Technologies by 309.5% during the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock worth $210,649,000 after buying an additional 687,588 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Roper Technologies by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after buying an additional 354,064 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Roper Technologies by 91.4% during the second quarter. Parametric Portfolio Associates LLC now owns 308,762 shares of the industrial products company’s stock worth $71,488,000 after buying an additional 147,465 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Roper Technologies during the second quarter worth approximately $31,829,000. Finally, Federated Investors Inc. PA grew its position in shares of Roper Technologies by 29.2% during the second quarter. Federated Investors Inc. PA now owns 573,696 shares of the industrial products company’s stock worth $132,827,000 after buying an additional 129,567 shares in the last quarter. 98.09% of the stock is owned by institutional investors.

Shares of Roper Technologies Inc (NYSE:ROP) traded down $6.61 on Friday, reaching $260.60. The company had a trading volume of 496,342 shares, compared to its average volume of 329,191. Roper Technologies Inc has a 52-week low of $181.16 and a 52-week high of $267.83. The company has a market capitalization of $27,352.20, a PE ratio of 31.18, a PEG ratio of 2.33 and a beta of 1.06. 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 (NYSE:ROP) last announced its quarterly earnings data 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. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. sell-side analysts predict that Roper Technologies Inc will post 9.31 EPS for the current year.

ROP has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target for the company in a research report on Monday, October 2nd. Robert W. Baird raised their price target on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. J P Morgan Chase & Co raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. Finally, Royal Bank Of Canada raised their price target on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $253.67.

In other Roper Technologies news, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total value of $118,520.00. Following the sale, the director now directly owns 64,604 shares in the company, valued at $15,313,732.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura G. Thatcher sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $235.47, for a total value of $235,470.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at $2,590,170. The disclosure for this sale can be found here. Insiders have sold 10,750 shares of company stock worth $2,681,690 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

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Roper Technologies Company Profile

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

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