Evercore Wealth Management LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,093 shares of the industrial products company’s stock after selling 3,886 shares during the quarter. Roper Technologies comprises 1.7% of Evercore Wealth Management LLC’s holdings, making the stock its 18th biggest position. Evercore Wealth Management LLC owned 0.19% of Roper Technologies worth $44,939,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Roper Technologies by 26.8% during the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 106 shares during the last quarter. Independent Portfolio Consultants Inc. raised its holdings in Roper Technologies by 164.7% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 313 shares during the last quarter. WFG Advisors LP raised its holdings in Roper Technologies by 55.8% during the 1st quarter. WFG Advisors LP now owns 785 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 281 shares during the last quarter. Creative Planning raised its holdings in Roper Technologies by 12.7% during the 2nd quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 91 shares during the last quarter. Finally, Evermay Wealth Management LLC bought a new stake in Roper Technologies during the 2nd quarter worth about $210,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on ROP shares. Raymond James Financial, Inc. boosted their price objective on Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 price objective for the company in a report on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and set a $248.00 price objective on shares of Roper Technologies in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and set a $242.00 price objective on shares of Roper Technologies in a report on Friday, July 7th. Finally, BidaskClub cut Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $243.08.

In other news, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the completion of the transaction, the director now directly owns 10,900 shares in the company, valued at $2,561,173. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura G. Thatcher sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $235.47, for a total value of $235,470.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $2,590,170. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock valued at $2,754,530 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

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Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $1.56 earnings per share. The business’s quarterly revenue was up 23.2% on a year-over-year basis.

Roper Technologies Profile

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

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