BT Investment Management Ltd bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,128 shares of the industrial products company’s stock, valued at approximately $724,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ROP. UBS Asset Management Americas Inc. raised its stake in shares of Roper Technologies by 11.5% in the first quarter. UBS Asset Management Americas Inc. now owns 254,437 shares of the industrial products company’s stock valued at $52,539,000 after buying an additional 26,292 shares during the period. State of Wisconsin Investment Board raised its stake in shares of Roper Technologies by 14.6% in the first quarter. State of Wisconsin Investment Board now owns 62,629 shares of the industrial products company’s stock valued at $12,932,000 after buying an additional 7,995 shares during the period. Norinchukin Bank The raised its stake in shares of Roper Technologies by 7.6% in the first quarter. Norinchukin Bank The now owns 6,619 shares of the industrial products company’s stock valued at $1,367,000 after buying an additional 465 shares during the period. AGF Investments America Inc. raised its stake in shares of Roper Technologies by 66.5% in the first quarter. AGF Investments America Inc. now owns 33,401 shares of the industrial products company’s stock valued at $6,897,000 after buying an additional 13,340 shares during the period. Finally, AGF Investments Inc. raised its stake in shares of Roper Technologies by 69.2% in the first quarter. AGF Investments Inc. now owns 5,890 shares of the industrial products company’s stock valued at $1,215,000 after buying an additional 2,409 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

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In related news, Director Christopher Wright sold 500 shares of Roper Technologies stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total transaction of $118,520.00. Following the transaction, the director now directly owns 64,604 shares in the company, valued at $15,313,732.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Johnson sold 2,000 shares of Roper Technologies stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $234.97, for a total value of $469,940.00. Following the transaction, the director now owns 10,900 shares in the company, valued at $2,561,173. 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 quarter. 2.50% of the stock is owned by company insiders.

Shares of Roper Technologies, Inc. (NYSE ROP) opened at 246.22 on Thursday. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $247.30. The company’s 50 day moving average price is $233.00 and its 200-day moving average price is $224.52. The company has a market capitalization of $25.17 billion, a price-to-earnings ratio of 36.86 and a beta of 1.05.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. On average, equities analysts forecast that Roper Technologies, Inc. will post $9.28 earnings per share for the current year.

Several analysts have issued reports on the company. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $223.00 to $275.00 in a research note on Wednesday. BidaskClub lowered Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. boosted their target price on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and issued a $225.00 target price on shares of Roper Technologies in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $243.08.

Roper Technologies Profile

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

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