Frisch Financial Group Inc. Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Frisch Financial Group Inc. purchased a new stake in Roper Technologies, Inc. (NYSE:ROP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 628 shares of the industrial products company’s stock, valued at approximately $354,000.

A number of other hedge funds have also made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Roper Technologies during the second quarter valued at $3,757,000. WealthPLAN Partners LLC boosted its stake in Roper Technologies by 7.6% in the 2nd quarter. WealthPLAN Partners LLC now owns 4,156 shares of the industrial products company’s stock worth $2,342,000 after buying an additional 294 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in Roper Technologies in the 2nd quarter worth about $571,000. One Capital Management LLC acquired a new stake in Roper Technologies in the 2nd quarter worth about $840,000. Finally, Dimensional Fund Advisors LP boosted its stake in Roper Technologies by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 394,274 shares of the industrial products company’s stock worth $222,235,000 after buying an additional 51,610 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Truist Financial reissued a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research note on Tuesday, August 27th. Royal Bank of Canada lifted their price objective on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Barclays lifted their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $556.56 on Tuesday. The company has a market cap of $59.58 billion, a P/E ratio of 40.39, a PEG ratio of 2.89 and a beta of 1.02. 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 one year low of $474.46 and a one year high of $579.10. The business’s 50-day simple moving average is $547.86 and its 200 day simple moving average is $545.05.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was 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 in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was 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 in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Johnson sold 140 shares of Roper Technologies 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 owns 5,909 shares in the company, valued at $3,251,959.06. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

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.