CCLA Investment Management Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

CCLA Investment Management raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,690 shares of the industrial products company’s stock after acquiring an additional 18,664 shares during the period. Roper Technologies makes up approximately 2.4% of CCLA Investment Management’s investment portfolio, making the stock its 4th largest position. CCLA Investment Management owned about 0.26% of Roper Technologies worth $154,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Symphony Financial Ltd. Co. increased its position in Roper Technologies by 1.5% during the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 19 shares during the period. Western Financial Corp CA boosted its stake in shares of Roper Technologies by 1.1% in the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after buying an additional 19 shares during the period. AMG National Trust Bank increased its stake in Roper Technologies by 5.1% during the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 19 shares during the period. Legacy Private Trust Co. raised its holdings in Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 20 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Roper Technologies by 3.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on ROP shares. Royal Bank of Canada boosted their price target on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Jefferies Financial Group upped their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Oppenheimer reduced their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $616.00.

Insider Buying and Selling

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

Roper Technologies Trading Down 0.8 %

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

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. As a group, research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

About Roper Technologies

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.