AMG National Trust Bank Lowers Holdings in Roper Technologies, Inc. (ROP)

AMG National Trust Bank decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,323 shares of the industrial products company’s stock after selling 459 shares during the quarter. AMG National Trust Bank’s holdings in Roper Technologies were worth $306,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in Roper Technologies by 0.4% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,419 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 5 shares during the period. Montecito Bank & Trust lifted its holdings in shares of Roper Technologies by 0.7% during the 1st quarter. Montecito Bank & Trust now owns 1,769 shares of the industrial products company’s stock worth $365,000 after acquiring an additional 12 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Roper Technologies by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock worth $1,755,000 after acquiring an additional 23 shares during the period. Bellwether Investment Group LLC lifted its holdings in shares of Roper Technologies by 1.2% during the 2nd quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock worth $491,000 after acquiring an additional 26 shares during the period. Finally, Cleararc Capital Inc. lifted its holdings in shares of Roper Technologies by 1.4% during the 1st quarter. Cleararc Capital Inc. now owns 2,497 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 94.35% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $248.00 price objective on shares of Roper Technologies in a research report on Wednesday, July 12th. BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a research report on Friday, July 7th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $238.42.

In other Roper Technologies news, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total transaction of $118,520.00. Following the completion of the transaction, the director now owns 64,604 shares in the company, valued at approximately $15,313,732.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $234.97, for a total value of $469,940.00. Following the completion of the sale, the director now directly owns 10,900 shares of the company’s stock, valued at $2,561,173. The disclosure for this sale can be found here. Insiders have sold a total of 5,500 shares of company stock valued at $1,294,060 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

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Shares of Roper Technologies, Inc. (NYSE ROP) traded down 0.28% during mid-day trading on Friday, hitting $235.75. 155,262 shares of the stock were exchanged. The stock’s 50 day moving average price is $232.51 and its 200-day moving average price is $223.77. Roper Technologies, Inc. has a 12-month low of $167.50 and a 12-month high of $238.49. The stock has a market capitalization of $24.10 billion, a P/E ratio of 35.30 and a beta of 1.05.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.02. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $1.56 earnings per share. On average, equities research analysts expect that Roper Technologies, Inc. will post $9.28 EPS for the current fiscal year.

About Roper Technologies

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

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