Salem Investment Counselors Inc. reduced its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,280 shares of the industrial products company’s stock after selling 1,788 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Roper Technologies were worth $3,268,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC increased its position in Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after buying an additional 106 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after buying an additional 152 shares during the last quarter. Stephens Inc. AR increased its position in Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after buying an additional 350 shares during the last quarter. Zions Bancorporation increased its position in Roper Technologies by 3,457.9% in the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock worth $165,000 after buying an additional 657 shares during the last quarter. Finally, Sun Life Financial INC increased its position in Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after buying an additional 736 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

ROP has been the subject of a number of recent research reports. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a research report on Monday, October 2nd. Robert W. Baird raised their target price on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Royal Bank of Canada lifted their price target on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Cowen reiterated a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research report on Thursday, October 12th. Finally, Oppenheimer lifted their price target on Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus price target of $253.67.

In related news, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the completion of the sale, the vice president now owns 14,571 shares of the company’s stock, valued at $3,569,895. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Wright sold 250 shares of Roper Technologies stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $258.64, for a total value of $64,660.00. Following the sale, the director now directly owns 64,450 shares of the company’s stock, valued at approximately $16,669,348. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,450 shares of company stock valued at $2,639,736. 2.50% of the stock is owned by company insiders.

Shares of Roper Technologies Inc (NYSE ROP) traded up $0.48 during midday trading on Thursday, hitting $255.90. The stock had a trading volume of 447,300 shares, compared to its average volume of 427,871. The stock has a market capitalization of $26,148.42, a PE ratio of 29.81, a PEG ratio of 2.22 and a beta of 1.06. Roper Technologies Inc has a one year low of $182.03 and a one year high of $267.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. analysts predict that Roper Technologies Inc will post 9.31 EPS for the current fiscal year.

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About Roper Technologies

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

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