Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. cut its stake in Roper Technologies, Inc. (NYSE:ROP) by 24.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 475 shares of the industrial products company’s stock after selling 151 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Roper Technologies were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ROP. Price T Rowe Associates Inc. MD raised its position in Roper Technologies by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,850,531 shares of the industrial products company’s stock worth $5,183,133,000 after buying an additional 65,220 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Roper Technologies by 5.3% during the 1st quarter. BlackRock Inc. now owns 7,710,577 shares of the industrial products company’s stock valued at $3,109,983,000 after purchasing an additional 386,659 shares in the last quarter. Morgan Stanley increased its holdings in shares of Roper Technologies by 62.2% during the 1st quarter. Morgan Stanley now owns 2,992,739 shares of the industrial products company’s stock valued at $1,207,092,000 after purchasing an additional 1,147,336 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Roper Technologies by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,855,991 shares of the industrial products company’s stock valued at $748,595,000 after purchasing an additional 26,636 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Roper Technologies by 8.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,851,587 shares of the industrial products company’s stock valued at $870,616,000 after purchasing an additional 139,486 shares in the last quarter. Institutional investors own 91.75% of the company’s stock.

Shares of ROP opened at $468.72 on Wednesday. Roper Technologies, Inc. has a 52-week low of $362.90 and a 52-week high of $499.21. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average is $483.80 and its two-hundred day moving average is $449.53. The stock has a market cap of $49.41 billion, a PE ratio of 46.69, a price-to-earnings-growth ratio of 2.97 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, July 22nd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.09. Roper Technologies had a net margin of 17.80% and a return on equity of 14.07%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company posted $2.94 EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. As a group, research analysts anticipate that Roper Technologies, Inc. will post 15.19 earnings per share for the current year.

Several research firms have recently weighed in on ROP. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $320.00 to $355.00 and gave the company an “underweight” rating in a report on Friday, August 6th. Cowen reaffirmed an “outperform” rating and set a $489.73 target price (down from $500.00) on shares of Roper Technologies in a report on Monday, July 26th. Barclays lifted their target price on shares of Roper Technologies from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, July 26th. Oppenheimer initiated coverage on shares of Roper Technologies in a research note on Friday, July 23rd. They issued a “buy” rating and a $560.00 price target on the stock. Finally, Argus reissued a “buy” rating and issued a $488.87 price target (down previously 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $497.29.

In other Roper Technologies news, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $483.35, for a total transaction of $241,675.00. Following the sale, the director now owns 7,269 shares of the company’s stock, valued at approximately $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.

About Roper Technologies

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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