Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by CCLA Investment Management

CCLA Investment Management grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 274,690 shares of the industrial products company’s stock after purchasing an additional 18,664 shares during the period. Roper Technologies makes up 2.4% of CCLA Investment Management’s investment portfolio, making the stock its 4th biggest holding. CCLA Investment Management’s holdings in Roper Technologies were worth $154,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Waterloo Capital L.P. lifted its holdings in shares of Roper Technologies by 8.4% in the 2nd quarter. Waterloo Capital L.P. now owns 2,881 shares of the industrial products company’s stock worth $1,624,000 after purchasing an additional 224 shares in the last quarter. Blair William & Co. IL raised its holdings in Roper Technologies by 1.8% during the second quarter. Blair William & Co. IL now owns 35,008 shares of the industrial products company’s stock worth $19,732,000 after buying an additional 610 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Roper Technologies by 13.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,483 shares of the industrial products company’s stock valued at $6,330,000 after buying an additional 1,350 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Roper Technologies by 4.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,961 shares of the industrial products company’s stock valued at $10,124,000 after buying an additional 815 shares during the last quarter. Finally, Argent Trust Co increased its position in shares of Roper Technologies by 2.8% during the second quarter. Argent Trust Co now owns 2,352 shares of the industrial products company’s stock worth $1,326,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $551.83 on Wednesday. The company has a market capitalization of $59.07 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. The company’s 50-day moving average is $547.89 and its 200 day moving average is $545.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on ROP. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research report on Tuesday, August 27th. Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays lifted their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.