Bridges Investment Management Inc. lifted its position in Roper Technologies Inc (NYSE:ROP) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 43,283 shares of the industrial products company’s stock after acquiring an additional 323 shares during the period. Bridges Investment Management Inc.’s holdings in Roper Technologies were worth $11,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. increased its position in shares of Roper Technologies by 9.0% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 6,450 shares of the industrial products company’s stock valued at $1,811,000 after acquiring an additional 530 shares during the period. Mountain Pacific Investment Advisers Inc. ID grew its position in Roper Technologies by 2.4% during the 2nd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 105,364 shares of the industrial products company’s stock worth $29,071,000 after purchasing an additional 2,433 shares during the period. First Bank & Trust grew its position in Roper Technologies by 10.2% during the 2nd quarter. First Bank & Trust now owns 3,017 shares of the industrial products company’s stock worth $832,000 after purchasing an additional 280 shares during the period. Sei Investments Co. grew its position in Roper Technologies by 20.8% during the 1st quarter. Sei Investments Co. now owns 83,129 shares of the industrial products company’s stock worth $23,333,000 after purchasing an additional 14,300 shares during the period. Finally, Cue Financial Group Inc. grew its position in Roper Technologies by 2.3% during the 2nd quarter. Cue Financial Group Inc. now owns 8,922 shares of the industrial products company’s stock worth $2,462,000 after purchasing an additional 199 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ROP opened at $310.96 on Friday. The stock has a market cap of $31.56 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.15 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80. Roper Technologies Inc has a fifty-two week low of $234.91 and a fifty-two week high of $312.38.

Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, July 26th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.19. Roper Technologies had a net margin of 21.99% and a return on equity of 15.81%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $2.24 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. analysts expect that Roper Technologies Inc will post 11.51 EPS for the current year.

In other news, Director Robert D. Johnson sold 750 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total transaction of $223,777.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jason Conley sold 5,000 shares of the stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $299.78, for a total transaction of $1,498,900.00. Following the sale, the vice president now directly owns 19,205 shares in the company, valued at $5,757,274.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,750 shares of company stock worth $2,616,258. Corporate insiders own 2.30% of the company’s stock.

Several equities research analysts have weighed in on the company. Argus increased their price target on Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. JPMorgan Chase & Co. increased their price target on Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Raymond James downgraded Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price target on the stock in a research report on Monday, July 30th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $313.50.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

Further Reading: Compound Annual Growth Rate (CAGR)

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

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