Roper Technologies, Inc. (NYSE:ROP) Stock Position Lifted by Empirical Finance LLC

Empirical Finance LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 17.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,236 shares of the industrial products company’s stock after purchasing an additional 188 shares during the period. Empirical Finance LLC’s holdings in Roper Technologies were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its position in Roper Technologies by 3.8% during the second quarter. BNP Paribas Arbitrage SA now owns 118,069 shares of the industrial products company’s stock valued at $55,516,000 after purchasing an additional 4,282 shares in the last quarter. Van ECK Associates Corp grew its position in Roper Technologies by 11.4% during the second quarter. Van ECK Associates Corp now owns 200,029 shares of the industrial products company’s stock valued at $94,053,000 after purchasing an additional 20,528 shares in the last quarter. Nelson Capital Management LLC lifted its stake in Roper Technologies by 0.6% in the second quarter. Nelson Capital Management LLC now owns 12,281 shares of the industrial products company’s stock valued at $5,775,000 after acquiring an additional 79 shares during the last quarter. Atria Investments LLC lifted its stake in Roper Technologies by 0.3% in the second quarter. Atria Investments LLC now owns 15,926 shares of the industrial products company’s stock valued at $7,488,000 after acquiring an additional 40 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Roper Technologies by 7.9% in the second quarter. Citigroup Inc. now owns 109,090 shares of the industrial products company’s stock valued at $51,295,000 after acquiring an additional 8,003 shares during the last quarter. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on ROP shares. Wells Fargo & Company lifted their target price on shares of Roper Technologies from $490.00 to $540.00 and gave the company an “overweight” rating in a research note on Wednesday, July 21st. Raymond James reiterated a “buy” rating and issued a $550.00 target price on shares of Roper Technologies in a research note on Friday, July 23rd. Argus reiterated a “buy” rating and issued a $488.87 target price (down from $490.00) on shares of Roper Technologies in a research note on Tuesday, July 27th. They noted that the move was a valuation call. Barclays lifted their target price on shares of Roper Technologies from $510.00 to $550.00 and gave the company an “overweight” rating in a research note on Monday, July 26th. Finally, Oppenheimer assumed coverage on shares of Roper Technologies in a research note on Friday, July 23rd. They issued a “buy” rating and a $560.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $497.29.

Shares of Roper Technologies stock opened at $468.72 on Wednesday. Roper Technologies, Inc. has a 1-year low of $362.90 and a 1-year high of $499.21. The firm has a fifty day simple moving average of $483.80 and a 200-day simple moving average of $449.53. The stock has a market capitalization of $49.41 billion, a price-to-earnings ratio of 46.69, a PEG ratio of 2.97 and a beta of 1.04. The company has a current ratio of 0.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.74.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, July 22nd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.67 by $0.09. Roper Technologies had a net margin of 17.80% and a return on equity of 14.07%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $2.94 earnings per share. Roper Technologies’s revenue was up 21.6% compared to the same quarter last year. As a group, research analysts predict that Roper Technologies, Inc. will post 15.19 earnings per share for the current year.

In related news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $483.35, for a total transaction of $241,675.00. Following the transaction, the director now owns 7,269 shares of the company’s stock, valued at $3,513,471.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc is diversified technology company, which engages in the provision of engineered products and solutions for the global niche markets. It operates through the following segments: Application Software, Network Software and Systems, Measurement and Analytical Solutions, and Process Technologies.

Read More: How does new data get added to a blockchain?

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP).

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

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.