Roper Technologies Inc (NYSE:ROP) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC decreased its position in Roper Technologies Inc (NYSE:ROP) by 3.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 963 shares of the industrial products company’s stock after selling 37 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Roper Technologies were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Roper Technologies by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 277,955 shares of the industrial products company’s stock valued at $74,078,000 after acquiring an additional 10,901 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Roper Technologies by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock valued at $358,725,000 after acquiring an additional 103,001 shares during the last quarter. CWM LLC boosted its position in shares of Roper Technologies by 66.8% during the 1st quarter. CWM LLC now owns 417 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 167 shares during the last quarter. Brinker Capital Inc. boosted its position in shares of Roper Technologies by 30.3% during the 1st quarter. Brinker Capital Inc. now owns 3,851 shares of the industrial products company’s stock valued at $1,317,000 after acquiring an additional 896 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Roper Technologies during the 1st quarter valued at about $1,380,000. Institutional investors and hedge funds own 93.36% of the company’s stock.

Several research analysts have recently weighed in on ROP shares. Oppenheimer boosted their price target on shares of Roper Technologies from $375.00 to $400.00 in a research report on Tuesday, July 9th. Raymond James boosted their price target on shares of Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. Barclays boosted their price target on shares of Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 9th. Royal Bank of Canada set a $393.00 price target on shares of Roper Technologies and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stephens boosted their price target on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $374.10.



In other news, Director Robert E. Knowling, Jr. sold 2,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total transaction of $726,880.00. Following the sale, the director now owns 12,918 shares of the company’s stock, valued at $4,694,917.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 750 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $344.76, for a total transaction of $258,570.00. Following the sale, the director now directly owns 7,700 shares in the company, valued at approximately $2,654,652. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

NYSE ROP traded down $6.51 during trading hours on Friday, reaching $348.62. The company had a trading volume of 575,885 shares, compared to its average volume of 433,704. The stock has a 50-day moving average of $365.56 and a 200 day moving average of $348.20. Roper Technologies Inc has a 1-year low of $245.59 and a 1-year high of $385.51. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $36.93 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16.

Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, beating the Zacks’ consensus estimate of $3.05 by $0.02. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the company posted $2.89 earnings per share. Roper Technologies’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Roper Technologies Inc will post 13 EPS for the current year.

About Roper Technologies

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.

Further Reading: Economic Bubble

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.