Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,942 shares of the industrial products company’s stock after buying an additional 246 shares during the period. Rockefeller Capital Management L.P.’s holdings in Roper Technologies were worth $6,553,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ROP. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Roper Technologies by 3.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 29,822 shares of the industrial products company’s stock worth $12,028,000 after purchasing an additional 1,132 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Roper Technologies by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 1,520,950 shares of the industrial products company’s stock worth $611,529,000 after purchasing an additional 31,728 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Roper Technologies by 8.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,851,587 shares of the industrial products company’s stock worth $870,616,000 after purchasing an additional 139,486 shares during the last quarter. Weld Capital Management LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $1,269,000. Finally, Lansing Management LP boosted its holdings in shares of Roper Technologies by 0.5% during the 1st quarter. Lansing Management LP now owns 44,125 shares of the industrial products company’s stock worth $17,797,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 91.75% of the company’s stock.

Shares of NYSE ROP opened at $468.72 on Wednesday. The firm has a market cap 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 quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Roper Technologies, Inc. has a 52-week low of $362.90 and a 52-week high of $499.21. The business’s 50 day moving average is $483.80 and its two-hundred day moving average is $449.53.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, July 22nd. The industrial products company reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.09. Roper Technologies had a return on equity of 14.07% and a net margin of 17.80%. 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 prior year, the company earned $2.94 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. Analysts anticipate that Roper Technologies, Inc. will post 15.19 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. Cowen restated an “outperform” rating and set a $489.73 target price (down from $500.00) on shares of Roper Technologies in a report on Monday, July 26th. Argus reaffirmed a “buy” rating and set a $488.87 price target (down previously from $490.00) on shares of Roper Technologies in a research report on Tuesday, July 27th. They noted that the move was a valuation call. Oppenheimer began coverage on shares of Roper Technologies in a research report on Friday, July 23rd. They set a “buy” rating and a $560.00 price target on the stock. Raymond James reaffirmed a “buy” rating and set a $550.00 price target on shares of Roper Technologies in a research report on Friday, July 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Roper Technologies from $490.00 to $540.00 and gave the company an “overweight” rating in a research report on Wednesday, July 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $497.29.

In other news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $483.35, for a total transaction of $241,675.00. Following the sale, the director now owns 7,269 shares of the company’s stock, valued at $3,513,471.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Roper Technologies Company 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.

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

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