Johnson Investment Counsel Inc. Acquires 3,756 Shares of Roper Technologies, Inc. (NYSE:ROP)

Johnson Investment Counsel Inc. lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 150,198 shares of the industrial products company’s stock after acquiring an additional 3,756 shares during the quarter. Johnson Investment Counsel Inc. owned 0.14% of Roper Technologies worth $84,661,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Roper Technologies by 236.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after acquiring an additional 5,789 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Roper Technologies by 497.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after buying an additional 7,768 shares during the period. Stifel Financial Corp increased its stake in shares of Roper Technologies by 5.9% in the fourth quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company’s stock worth $27,416,000 after buying an additional 2,811 shares during the period. Jag Capital Management LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth $6,944,000. Finally, Rafferty Asset Management LLC increased its stake in shares of Roper Technologies by 90.7% in the fourth quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company’s stock worth $29,092,000 after buying an additional 25,384 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on ROP shares. Jefferies Financial Group lifted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Barclays lifted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a research note on Thursday, July 25th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Truist Financial reissued a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

Insider Activity

In other news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $549.84 on Thursday. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The stock has a market cap of $58.94 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $548.26 and its 200-day moving average price is $544.90.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. On average, equities analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.