Dai Ichi Life Insurance Company Ltd cut its position in Roper Technologies, Inc. (NYSE:ROP) by 17.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,422 shares of the industrial products company’s stock after selling 299 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Roper Technologies were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Roper Technologies by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after purchasing an additional 479,056 shares in the last quarter. BlackRock Inc. lifted its stake in Roper Technologies by 2,678.8% in the 1st quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock worth $1,647,156,000 after purchasing an additional 7,689,856 shares in the last quarter. State Street Corp lifted its stake in Roper Technologies by 4.6% in the 1st quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock worth $955,175,000 after purchasing an additional 203,844 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Roper Technologies by 3.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after purchasing an additional 57,035 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Roper Technologies by 25.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock worth $297,819,000 after purchasing an additional 291,418 shares in the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

Several research firms have issued reports on ROP. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research note on Friday, July 7th. Finally, Oppenheimer Holdings, Inc. increased their target price on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $238.42.

Roper Technologies, Inc. (ROP) opened at 237.83 on Friday. 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 one year low of $167.50 and a one year high of $238.49. The stock has a 50 day moving average of $232.67 and a 200-day moving average of $223.96.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.22 by $0.02. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities analysts predict that Roper Technologies, Inc. will post $9.28 EPS for the current fiscal year.

In other news, Director Christopher Wright sold 500 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $237.04, for a total value of $118,520.00. Following the transaction, the director now owns 64,604 shares of the company’s stock, valued at $15,313,732.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wilbur J. Prezzano sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total transaction of $471,600.00. Following the completion of the transaction, the director now directly owns 22,000 shares in the company, valued at approximately $5,187,600. The disclosure for this sale can be found here. Insiders sold 6,500 shares of company stock worth $1,529,530 in the last three months. Insiders own 2.50% of the company’s stock.

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About Roper Technologies

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

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