Beacon Investment Advisory Services Inc. trimmed its position in Roper Technologies Inc (NYSE:ROP) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,041 shares of the industrial products company’s stock after selling 100 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Roper Technologies were worth $1,114,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in ROP. University of Texas Texas AM Investment Managment Co. acquired a new position in Roper Technologies in the first quarter valued at $27,000. Coastal Investment Advisors Inc. purchased a new stake in shares of Roper Technologies in the second quarter valued at about $30,000. Shamrock Asset Management LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at about $34,000. Advisory Alpha LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at about $35,000. Finally, Lenox Wealth Management Inc. boosted its holdings in shares of Roper Technologies by 369.6% in the first quarter. Lenox Wealth Management Inc. now owns 108 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.
In other Roper Technologies news, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $344.76, for a total value of $258,570.00. Following the sale, the director now owns 7,700 shares of the company’s stock, valued at $2,654,652. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total transaction of $726,880.00. Following the completion of the sale, the director now directly owns 12,918 shares in the company, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.
ROP has been the topic of several analyst reports. Barclays lifted their target price on shares of Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Raymond James lifted their target price on shares of Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Stephens lifted their target price on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada set a $393.00 target price on shares of Roper Technologies and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Oppenheimer lifted their target price on shares of Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $374.10.
ROP stock opened at $348.62 on Monday. The company has a market cap of $36.93 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.48 and a beta of 1.16. Roper Technologies Inc has a 52 week low of $245.59 and a 52 week high of $385.51. The company’s 50-day moving average price is $365.56 and its 200 day moving average price is $348.20. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.89 earnings per share. On average, equities research analysts expect that Roper Technologies Inc will post 13 earnings per share for the current year.
About Roper Technologies
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.
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