Zacks Investment Management lifted its stake in Roper Technologies Inc (NYSE:ROP) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,360 shares of the industrial products company’s stock after buying an additional 251 shares during the period. Zacks Investment Management’s holdings in Roper Technologies were worth $1,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. McKinley Carter Wealth Services Inc. lifted its stake in Roper Technologies by 9.0% during the first quarter. McKinley Carter Wealth Services Inc. now owns 6,450 shares of the industrial products company’s stock worth $1,811,000 after purchasing an additional 530 shares during the period. Mountain Pacific Investment Advisers Inc. ID lifted its stake in Roper Technologies by 2.4% during the second 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. GSA Capital Partners LLP bought a new position in Roper Technologies during the second quarter worth about $1,127,000. First Bank & Trust lifted its stake in Roper Technologies by 10.2% during the second 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. Finally, Schwab Charles Investment Management Inc. lifted its stake in Roper Technologies by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 377,777 shares of the industrial products company’s stock worth $104,233,000 after purchasing an additional 11,847 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

ROP has been the subject of a number of analyst reports. Raymond James cut shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price target for the company in a research note on Monday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $300.00 to $303.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 22nd. Argus raised their price target on shares of Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $313.50.

NYSE ROP opened at $310.83 on Friday. The company has a market cap of $31.47 billion, a PE ratio of 28.83, a PEG ratio of 2.14 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.80 and a quick ratio of 0.70. Roper Technologies Inc has a 1-year low of $235.28 and a 1-year high of $312.52.

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

In other news, Director Richard F. Wallman acquired 500 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was bought at an average price of $299.50 per share, with a total value of $149,750.00. Following the completion of the acquisition, the director now owns 52,465 shares in the company, valued at approximately $15,713,267.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jason Conley sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,757,274.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,750 shares of company stock valued at $2,616,258. Company insiders own 2.30% of the company’s stock.

Roper Technologies Profile

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.

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

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