Roper Technologies, Inc. (ROP) Shares Sold by BlackRock Inc.
BlackRock Inc. cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,770,033 shares of the industrial products company’s stock after selling 1,206,891 shares during the quarter. BlackRock Inc. owned 6.64% of Roper Technologies worth $1,567,467,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ROP. Independent Portfolio Consultants Inc. lifted its stake in Roper Technologies by 164.7% during the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 313 shares during the last quarter. Parallel Advisors LLC lifted its stake in Roper Technologies by 26.8% during the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 106 shares during the last quarter. Private Advisor Group LLC bought a new position in Roper Technologies during the first quarter worth $118,000. Northwestern Mutual Wealth Management Co. lifted its stake in Roper Technologies by 9.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 51 shares during the last quarter. Finally, WFG Advisors LP lifted its stake in Roper Technologies by 55.8% during the first quarter. WFG Advisors LP now owns 785 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.
Shares of Roper Technologies, Inc. (NYSE:ROP) traded up 0.60% on Friday, hitting $237.83. The stock had a trading volume of 409,087 shares. The firm has a 50 day moving average price of $232.67 and a 200-day moving average price of $223.96. The company has a market cap of $24.31 billion, a price-to-earnings ratio of 35.61 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $238.49.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. Roper Technologies’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 EPS. Analysts anticipate that Roper Technologies, Inc. will post $9.28 EPS for the current year.
In related news, Director Robert D. Johnson sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total value of $469,940.00. Following the sale, the director now owns 10,900 shares of the company’s stock, valued at approximately $2,561,173. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher Wright sold 1,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $234.00, for a total value of $234,000.00. Following the completion of the sale, the director now directly owns 65,104 shares in the company, valued at approximately $15,234,336. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,500 shares of company stock worth $1,529,530. 2.50% of the stock is owned by insiders.
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Several equities analysts recently issued reports on the company. BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. increased their target price on Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $225.00 target price on shares of Roper Technologies in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research report on Friday, July 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $238.42.
Roper Technologies Profile
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