Commerce Bank boosted its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 6.2% during the 1st quarter, HoldingsChannel reports. The firm owned 16,587 shares of the industrial products company’s stock after purchasing an additional 965 shares during the period. Commerce Bank’s holdings in Roper Technologies were worth $5,172,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC grew its position in Roper Technologies by 291.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 90 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 67 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of Roper Technologies in the first quarter valued at about $31,000. Horizon Bancorp Inc. IN purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $38,000. Bartlett & Co. LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at about $41,000. Finally, Arden Trust Co purchased a new stake in shares of Roper Technologies in the first quarter valued at about $44,000. 92.73% of the stock is currently owned by institutional investors.
In related news, Director Wilbur J. Prezzano sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $355.65, for a total transaction of $1,244,775.00. Following the completion of the transaction, the director now owns 16,880 shares of the company’s stock, valued at $6,003,372. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $370.00, for a total transaction of $1,480,000.00. Following the transaction, the vice president now directly owns 38,044 shares of the company’s stock, valued at approximately $14,076,280. The disclosure for this sale can be found here. In the last three months, insiders sold 10,500 shares of company stock valued at $3,529,105. Company insiders own 1.90% of the company’s stock.
NYSE:ROP opened at $367.06 on Friday. The firm has a 50 day simple moving average of $331.13 and a 200-day simple moving average of $348.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.96 and a quick ratio of 0.87. The firm has a market cap of $38.11 billion, a PE ratio of 23.56, a P/E/G ratio of 2.86 and a beta of 1.03. Roper Technologies Inc has a 1-year low of $240.00 and a 1-year high of $395.00.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Roper Technologies had a net margin of 30.17% and a return on equity of 14.94%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.30 earnings per share. As a group, sell-side analysts expect that Roper Technologies Inc will post 12.14 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on ROP. Wells Fargo & Co lowered their target price on shares of Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Barclays reaffirmed a “hold” rating and issued a $340.00 target price on shares of Roper Technologies in a report on Wednesday, April 29th. Argus lowered their target price on shares of Roper Technologies from $410.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Cowen lifted their target price on shares of Roper Technologies from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada lifted their target price on shares of Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $386.70.
Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.