First Capital Advisors Group LLC. cut its position in shares of Roper Technologies Inc (NYSE:ROP) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 824 shares of the industrial products company’s stock after selling 41 shares during the period. First Capital Advisors Group LLC.’s holdings in Roper Technologies were worth $220,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Cutler Group LP purchased a new position in Roper Technologies during the 4th quarter worth $26,000. We Are One Seven LLC purchased a new position in Roper Technologies during the 4th quarter worth $35,000. Benjamin F. Edwards & Company Inc. raised its position in Roper Technologies by 125.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 135 shares of the industrial products company’s stock worth $36,000 after buying an additional 75 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in Roper Technologies during the 4th quarter worth $36,000. Finally, Penserra Capital Management LLC purchased a new position in Roper Technologies during the 4th quarter worth $36,000. 94.14% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on ROP shares. Barclays cut their price objective on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. Stephens initiated coverage on shares of Roper Technologies in a research report on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective for the company. ValuEngine downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Robert W. Baird increased their price target on shares of Roper Technologies from $285.00 to $306.00 and gave the company a “neutral” rating in a report on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $321.25.

In related news, Director Robert D. Johnson sold 750 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $301.86, for a total value of $226,395.00. Following the sale, the director now directly owns 9,200 shares of the company’s stock, valued at approximately $2,777,112. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert Crisci sold 4,000 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $307.44, for a total transaction of $1,229,760.00. Following the completion of the sale, the chief financial officer now directly owns 41,968 shares in the company, valued at $12,902,641.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,750 shares of company stock worth $5,939,755. 2.30% of the stock is owned by corporate insiders.

Shares of ROP opened at $310.50 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $32.27 billion, a PE ratio of 26.29, a P/E/G ratio of 2.06 and a beta of 1.13. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $312.65.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 EPS. On average, equities research analysts forecast that Roper Technologies Inc will post 12.18 EPS for the current fiscal year.

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Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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

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