SFE Investment Counsel Has $3.05 Million Position in Roper Technologies, Inc. (NYSE:ROP)

SFE Investment Counsel boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,491 shares of the industrial products company’s stock after purchasing an additional 244 shares during the quarter. SFE Investment Counsel’s holdings in Roper Technologies were worth $3,052,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Weitz Investment Management Inc. acquired a new stake in shares of Roper Technologies in the second quarter valued at $28,682,000. Mercer Global Advisors Inc. ADV boosted its holdings in Roper Technologies by 33.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 4,560 shares of the industrial products company’s stock worth $2,144,000 after buying an additional 1,135 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Roper Technologies by 7.1% during the second quarter. Principal Financial Group Inc. now owns 1,987,161 shares of the industrial products company’s stock worth $934,363,000 after buying an additional 131,170 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Roper Technologies by 8.8% during the 2nd quarter. Toronto Dominion Bank now owns 66,982 shares of the industrial products company’s stock valued at $31,494,000 after purchasing an additional 5,403 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Roper Technologies by 79.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 76,969 shares of the industrial products company’s stock valued at $36,190,000 after purchasing an additional 33,968 shares in the last quarter. 91.75% of the stock is owned by hedge funds and other institutional investors.

ROP has been the topic of a number of recent research reports. Oppenheimer initiated coverage on Roper Technologies in a research report on Friday, July 23rd. They issued a “buy” rating and a $560.00 target price on the stock. Wells Fargo & Company boosted their target price on Roper Technologies from $490.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, July 21st. Royal Bank of Canada boosted their target price on Roper Technologies from $499.00 to $556.00 and gave the stock an “outperform” rating in a report on Monday, July 26th. Raymond James reissued a “buy” rating and set a $550.00 target price on shares of Roper Technologies in a report on Friday, July 23rd. Finally, Argus restated a “buy” rating and issued a $488.87 price target (down from $490.00) on shares of Roper Technologies in a research note on Tuesday, July 27th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $497.29.

NYSE:ROP traded up $5.43 during trading hours on Wednesday, hitting $474.15. 3,203 shares of the company’s stock traded hands, compared to its average volume of 482,540. The firm has a market cap of $49.99 billion, a P/E ratio of 46.69, a P/E/G ratio of 2.97 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $362.90 and a 52 week high of $499.21. The business’s fifty day simple moving average is $483.80 and its two-hundred day simple moving average is $449.53. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 0.74.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, July 22nd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.67 by $0.09. Roper Technologies had a return on equity of 14.07% and a net margin of 17.80%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company earned $2.94 earnings per share. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. On average, analysts expect that Roper Technologies, Inc. will post 15.19 EPS for the current year.

In other Roper Technologies news, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $483.35, for a total transaction of $241,675.00. Following the completion of the sale, the director now owns 7,269 shares of the company’s stock, valued at $3,513,471.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc is diversified technology company, which engages in the provision of engineered products and solutions for the global niche markets. It operates through the following segments: Application Software, Network Software and Systems, Measurement and Analytical Solutions, and Process Technologies.

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

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