Johnson Investment Counsel Inc. Purchases 3,756 Shares of Roper Technologies, Inc. (NYSE:ROP)

Johnson Investment Counsel Inc. raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 150,198 shares of the industrial products company’s stock after purchasing an additional 3,756 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Roper Technologies were worth $84,661,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in Roper Technologies during the 1st quarter valued at about $25,000. Rise Advisors LLC bought a new position in Roper Technologies during the 1st quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the period. OFI Invest Asset Management bought a new position in Roper Technologies during the 1st quarter valued at about $29,000. Finally, Covestor Ltd lifted its stake in Roper Technologies by 50.0% during the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 20 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.5 %

Roper Technologies stock opened at $549.84 on Thursday. The firm has a 50 day moving average of $548.26 and a 200 day moving average of $544.90. The firm has a market capitalization of $58.94 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 2.87 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last released 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. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. As a group, research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

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 directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Oppenheimer reduced their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $616.00.

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.