Wells Fargo & Company MN grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 32.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 216,802 shares of the industrial products company’s stock after purchasing an additional 53,202 shares during the period. Wells Fargo & Company MN owned approximately 0.21% of Roper Technologies worth $50,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley increased its stake in shares of Roper Technologies by 62.8% in the 1st quarter. Morgan Stanley now owns 279,450 shares of the industrial products company’s stock valued at $57,704,000 after purchasing an additional 107,785 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Roper Technologies by 0.9% in the 1st quarter. Prudential Financial Inc. now owns 143,826 shares of the industrial products company’s stock valued at $29,698,000 after purchasing an additional 1,259 shares during the last quarter. Swiss National Bank increased its stake in shares of Roper Technologies by 3.5% in the 2nd quarter. Swiss National Bank now owns 371,958 shares of the industrial products company’s stock valued at $86,119,000 after purchasing an additional 12,600 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Roper Technologies by 26.8% in the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 106 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co bought a new position in shares of Roper Technologies in the 1st quarter valued at $1,156,000. Institutional investors own 94.18% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE:ROP) opened at 237.83 on Monday. 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. The firm has a 50 day moving average price of $232.67 and a 200-day moving average price of $223.96.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $1.56 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities research analysts anticipate that Roper Technologies, Inc. will post $9.28 earnings per share for the current year.

ROP has been the topic of a number of research reports. Oppenheimer Holdings, Inc. boosted their price objective on Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 price objective on the stock in a research report on Tuesday, August 1st. BidaskClub lowered Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and set a $225.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. boosted their price objective on Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $238.42.

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In other news, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the transaction, the director now directly owns 10,900 shares of the company’s stock, valued at $2,561,173. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura G. Thatcher sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $235.47, for a total value of $235,470.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $2,590,170. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock worth $1,529,530 over the last ninety days. Insiders own 2.50% of the company’s stock.

About Roper Technologies

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

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