Roper Technologies, Inc. (NYSE:ROP) Stock Position Lifted by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 20.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,158 shares of the industrial products company’s stock after purchasing an additional 370 shares during the period. E Fund Management Co. Ltd.’s holdings in Roper Technologies were worth $1,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC grew its position in Roper Technologies by 4.7% during the second quarter. Axxcess Wealth Management LLC now owns 12,118 shares of the industrial products company’s stock valued at $6,830,000 after purchasing an additional 549 shares in the last quarter. Frisch Financial Group Inc. acquired a new stake in Roper Technologies in the second quarter valued at approximately $354,000. Virtu Financial LLC acquired a new stake in Roper Technologies in the second quarter valued at approximately $3,757,000. WealthPLAN Partners LLC lifted its stake in Roper Technologies by 7.6% in the second quarter. WealthPLAN Partners LLC now owns 4,156 shares of the industrial products company’s stock valued at $2,342,000 after acquiring an additional 294 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in Roper Technologies in the second quarter valued at approximately $571,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROP has been the subject of a number of analyst reports. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Truist Financial restated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 27th. Royal Bank of Canada boosted their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Finally, Oppenheimer cut their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies Stock Down 0.8 %

ROP opened at $551.83 on Wednesday. The firm’s 50-day simple moving average is $547.89 and its 200-day simple moving average is $545.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The firm has a market cap 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 (NYSE:ROP) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were 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 owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a legal filing 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 dated 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 transaction, the director now directly owns 5,909 shares in the company, 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 Company Profile

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.