FDO Partners LLC Takes Position in Roper Technologies Inc (ROP)

FDO Partners LLC bought a new position in Roper Technologies Inc (NYSE:ROP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,122 shares of the industrial products company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Parallel Advisors LLC increased its holdings in Roper Technologies by 26.8% in the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 106 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Roper Technologies by 34.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 152 shares during the period. Stephens Inc. AR boosted its stake in Roper Technologies by 113.6% in the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 350 shares during the period. Sun Life Financial INC boosted its stake in Roper Technologies by 6,690.9% in the 2nd quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 736 shares during the period. Finally, Creative Planning boosted its stake in Roper Technologies by 12.7% in the 2nd quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 91 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Roper Technologies Inc (NYSE ROP) traded up $1.27 during mid-day trading on Tuesday, reaching $261.87. The company had a trading volume of 552,900 shares, compared to its average volume of 427,199. Roper Technologies Inc has a 12 month low of $181.16 and a 12 month high of $267.83. The company has a market capitalization of $26,810.00, a P/E ratio of 30.41, a P/E/G ratio of 2.27 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. sell-side analysts predict that Roper Technologies Inc will post 9.31 EPS for the current fiscal year.

ROP has been the topic of a number of recent analyst reports. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Cowen reiterated a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a research note on Thursday, October 12th. Royal Bank Of Canada increased their target price on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Oppenheimer restated a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. Finally, Robert W. Baird raised their price target on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $253.67.

In other Roper Technologies news, VP Jason Conley sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total value of $1,225,000.00. Following the completion of the sale, the vice president now 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 through this hyperlink. Also, Director Christopher Wright sold 250 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $258.64, for a total value of $64,660.00. Following the completion of the sale, the director now directly owns 64,450 shares of the company’s stock, valued at approximately $16,669,348. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,750 shares of company stock worth $2,681,690. 2.50% of the stock is owned by corporate insiders.

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Roper Technologies Profile

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

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