Roper Technologies Inc (ROP) Holdings Raised by ETF Managers Group LLC

ETF Managers Group LLC raised its holdings in Roper Technologies Inc (NYSE:ROP) by 15.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 464 shares of the industrial products company’s stock after buying an additional 63 shares during the quarter. ETF Managers Group LLC’s holdings in Roper Technologies were worth $124,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Creative Planning lifted its holdings in Roper Technologies by 3.1% in the fourth quarter. Creative Planning now owns 1,509 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 45 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Roper Technologies by 125.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 135 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 75 shares during the period. CWM LLC lifted its holdings in Roper Technologies by 51.5% in the fourth quarter. CWM LLC now owns 250 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 85 shares during the period. MAI Capital Management lifted its holdings in Roper Technologies by 1.6% in the fourth quarter. MAI Capital Management now owns 7,068 shares of the industrial products company’s stock valued at $1,884,000 after acquiring an additional 110 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in Roper Technologies by 128.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 199 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 112 shares during the period. 94.14% of the stock is owned by institutional investors.

ROP has been the subject of a number of recent analyst reports. Barclays reduced their target price on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Stephens assumed coverage on Roper Technologies in a research note on Monday, November 19th. They set an “overweight” rating and a $333.00 price target for the company. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Robert W. Baird lifted their price target on Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus price target of $321.25.

In related news, Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $301.86, for a total transaction of $226,395.00. Following the completion of the sale, the director now owns 9,200 shares in the company, valued at approximately $2,777,112. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John K. Stipancich sold 9,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $295.62, for a total value of $2,660,580.00. Following the sale, the vice president now owns 39,521 shares of the company’s stock, valued at approximately $11,683,198.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,350 shares of company stock valued at $3,349,955. 2.30% of the stock is currently owned by company insiders.

NYSE:ROP opened at $308.15 on Wednesday. The firm has a market cap of $31.87 billion, a PE ratio of 26.09, a PEG ratio of 2.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.11 and a quick ratio of 0.98. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $312.65.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.70 EPS. On average, analysts expect that Roper Technologies Inc will post 12.18 EPS for the current fiscal year.

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Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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

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