Kestra Private Wealth Services LLC Buys New Holdings in Roper Technologies, Inc. (NYSE:ROP)

Kestra Private Wealth Services LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 685 shares of the industrial products company’s stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in Roper Technologies in the third quarter valued at approximately $25,000. Compass Wealth Management LLC bought a new position in shares of Roper Technologies in the 4th quarter worth $30,000. Fortis Capital Advisors LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $30,000. Harbour Investments Inc. increased its holdings in Roper Technologies by 38.3% in the first quarter. Harbour Investments Inc. now owns 83 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 23 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Roper Technologies in the third quarter valued at about $38,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of ROP stock opened at $545.34 on Friday. Roper Technologies, Inc. has a 12 month low of $416.77 and a 12 month high of $562.69. The company’s fifty day simple moving average is $541.19 and its 200-day simple moving average is $513.09. The firm has a market cap of $58.25 billion, a PE ratio of 32.84, a P/E/G ratio of 2.89 and a beta of 1.02. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROPGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping the consensus estimate of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.92 EPS. Equities research analysts expect that Roper Technologies, Inc. will post 18.11 EPS for the current fiscal year.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 250 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $538.25, for a total value of $134,562.50. Following the completion of the sale, the director now owns 5,346 shares of the company’s stock, valued at approximately $2,877,484.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ROP shares. Royal Bank of Canada upped their price target on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Mizuho lifted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Barclays lifted their target price on Roper Technologies from $580.00 to $596.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Truist Financial restated a “buy” rating and issued a $575.00 price target on shares of Roper Technologies in a report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $551.50.

Read Our Latest Stock Report on ROP

Roper Technologies Company Profile

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

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

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