Capital Fund Management S.A. cut its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 65.2% during the second quarter, HoldingsChannel.com reports. The firm owned 2,228 shares of the industrial products company’s stock after selling 4,172 shares during the quarter. Capital Fund Management S.A.’s holdings in Roper Technologies were worth $615,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of ROP. BlackRock Inc. grew its position in shares of Roper Technologies by 1.9% during the first quarter. BlackRock Inc. now owns 7,143,959 shares of the industrial products company’s stock worth $2,005,238,000 after buying an additional 135,278 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Roper Technologies by 1.0% during the first quarter. Franklin Resources Inc. now owns 5,026,065 shares of the industrial products company’s stock worth $1,410,768,000 after buying an additional 48,753 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Roper Technologies by 7.9% during the first quarter. JPMorgan Chase & Co. now owns 1,017,471 shares of the industrial products company’s stock worth $285,593,000 after buying an additional 74,127 shares in the last quarter. Alleghany Corp DE grew its position in shares of Roper Technologies by 2.3% during the first quarter. Alleghany Corp DE now owns 917,000 shares of the industrial products company’s stock worth $257,393,000 after buying an additional 20,825 shares in the last quarter. Finally, Inverness Counsel LLC NY grew its position in shares of Roper Technologies by 1.5% during the second quarter. Inverness Counsel LLC NY now owns 779,299 shares of the industrial products company’s stock worth $215,016,000 after buying an additional 11,436 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.
A number of brokerages have recently commented on ROP. JPMorgan Chase & Co. boosted their price objective 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. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Cowen reaffirmed a “buy” rating and issued a $330.00 price target on shares of Roper Technologies in a report on Tuesday, July 31st. Finally, Zacks Investment Research downgraded Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $313.50.
In other news, Director Richard F. Wallman acquired 500 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was acquired at an average cost 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 of the company’s stock, valued at $15,713,267.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert D. Johnson sold 750 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $298.37, for a total value of $223,777.50. The disclosure for this sale can be found here. Insiders sold 8,750 shares of company stock valued at $2,616,258 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.
Shares of ROP opened at $310.83 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.80 and a quick ratio of 0.70. The company has a market capitalization of $31.47 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.12. Roper Technologies Inc has a 52-week low of $235.28 and a 52-week high of $312.52.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.70 by $0.19. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. Roper Technologies had a return on equity of 15.81% and a net margin of 21.99%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.24 earnings per share. sell-side analysts predict that Roper Technologies Inc will post 11.51 EPS for the current fiscal year.
Roper Technologies Company 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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