US Bancorp DE trimmed its position in Roper Technologies Inc (NYSE:ROP) by 1.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 35,337 shares of the industrial products company’s stock after selling 693 shares during the quarter. US Bancorp DE’s holdings in Roper Technologies were worth $12,943,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ROP. Krane Funds Advisors LLC bought a new stake in Roper Technologies in the 2nd quarter valued at about $25,000. Captrust Financial Advisors increased its position in Roper Technologies by 227.3% in the 2nd quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock valued at $26,000 after buying an additional 50 shares in the last quarter. Coastal Investment Advisors Inc. bought a new stake in Roper Technologies in the 2nd quarter valued at about $30,000. Advisory Alpha LLC bought a new stake in Roper Technologies in the 1st quarter valued at about $35,000. Finally, MUFG Americas Holdings Corp increased its position in Roper Technologies by 83.0% in the 2nd quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock valued at $35,000 after buying an additional 44 shares in the last quarter. 92.26% of the stock is owned by institutional investors and hedge funds.

In other news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total value of $181,520.00. Following the transaction, the director now owns 9,080 shares in the company, valued at approximately $3,296,403.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy Woods Brinkley sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $360.54, for a total value of $540,810.00. Following the completion of the transaction, the director now owns 15,380 shares in the company, valued at approximately $5,545,105.20. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

ROP has been the subject of a number of research analyst reports. Wells Fargo & Co boosted their target price on Roper Technologies from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Barclays lifted their price target on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Oppenheimer lifted their price target on Roper Technologies from $375.00 to $400.00 in a research note on Tuesday, July 9th. Raymond James lifted their price target on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Finally, Royal Bank of Canada lifted their price target on Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Roper Technologies has an average rating of “Buy” and an average target price of $377.50.

ROP stock traded down $3.14 during mid-day trading on Monday, reaching $356.41. 110,469 shares of the company traded hands, compared to its average volume of 402,362. The stock has a market cap of $37.28 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 2.50 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. Roper Technologies Inc has a fifty-two week low of $245.59 and a fifty-two week high of $385.51. The firm’s 50 day moving average price is $359.35 and its 200 day moving average price is $353.71.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.89 EPS. On average, analysts anticipate that Roper Technologies Inc will post 13.01 EPS for the current fiscal year.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

Featured Story: Cost of Capital Explained

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).

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

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.