Axxcess Wealth Management LLC Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

Axxcess Wealth Management LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,118 shares of the industrial products company’s stock after purchasing an additional 549 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Roper Technologies were worth $6,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ROP. Vanguard Group Inc. increased its stake in Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after purchasing an additional 125,387 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock valued at $1,512,813,000 after purchasing an additional 102,199 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Roper Technologies by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock worth $737,489,000 after buying an additional 68,957 shares during the period. Corient Private Wealth LLC lifted its position in shares of Roper Technologies by 32.8% during the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock valued at $468,273,000 after buying an additional 211,967 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Roper Technologies by 4.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock valued at $451,901,000 after acquiring an additional 33,780 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.9 %

Shares of ROP stock opened at $556.56 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a market cap of $59.58 billion, a P/E ratio of 40.39, a PEG ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The firm’s 50-day simple moving average is $547.86 and its 200-day simple moving average is $545.05.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Analyst Ratings Changes

ROP has been the topic of a number of research reports. Barclays raised 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. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Jefferies Financial Group boosted their price target 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. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $616.00.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the business’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 completion of the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

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.