Carnegie Capital Asset Management LLC Grows Stake in Roper Technologies Inc (NYSE:ROP)

Carnegie Capital Asset Management LLC increased its stake in Roper Technologies Inc (NYSE:ROP) by 15.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 713 shares of the industrial products company’s stock after acquiring an additional 96 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Roper Technologies were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its position in Roper Technologies by 1.4% in the fourth quarter. State Street Corp now owns 4,347,223 shares of the industrial products company’s stock worth $1,539,917,000 after acquiring an additional 61,504 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Roper Technologies by 6.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,123,689 shares of the industrial products company’s stock valued at $752,273,000 after buying an additional 134,374 shares during the period. Alliancebernstein L.P. boosted its position in shares of Roper Technologies by 53.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,477,114 shares of the industrial products company’s stock valued at $523,238,000 after buying an additional 515,450 shares during the period. Principal Financial Group Inc. boosted its position in shares of Roper Technologies by 9.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,345,849 shares of the industrial products company’s stock valued at $476,740,000 after buying an additional 119,835 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Roper Technologies by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 985,846 shares of the industrial products company’s stock valued at $349,216,000 after buying an additional 28,609 shares during the period. Institutional investors own 92.73% of the company’s stock.

Several research analysts have issued reports on the company. Argus dropped their target price on Roper Technologies from $410.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Barclays restated a “hold” rating and set a $340.00 target price on shares of Roper Technologies in a research report on Wednesday, April 29th. Royal Bank of Canada boosted their target price on Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Cowen boosted their target price on Roper Technologies from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Co decreased their price target on shares of Roper Technologies from $400.00 to $390.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $386.70.

In related news, Director Wilbur J. Prezzano sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $355.65, for a total value of $1,244,775.00. Following the completion of the transaction, the director now owns 16,880 shares of the company’s stock, valued at $6,003,372. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $370.00, for a total transaction of $1,480,000.00. Following the completion of the transaction, the vice president now directly owns 38,044 shares of the company’s stock, valued at approximately $14,076,280. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock valued at $3,529,105 in the last three months. 1.90% of the stock is currently owned by insiders.

Roper Technologies stock opened at $367.06 on Friday. The company has a 50 day moving average price of $331.13 and a 200-day moving average price of $348.18. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.96. Roper Technologies Inc has a fifty-two week low of $240.00 and a fifty-two week high of $395.00. The company has a market capitalization of $38.11 billion, a PE ratio of 23.56, a P/E/G ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $3.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $0.14. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Roper Technologies had a net margin of 30.17% and a return on equity of 14.94%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 earnings per share. On average, analysts forecast that Roper Technologies Inc will post 12.14 earnings per share 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.

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

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