IFM Investors Pty Ltd Takes $698,000 Position in Roper Technologies Inc (ROP)
IFM Investors Pty Ltd purchased a new stake in Roper Technologies Inc (NYSE:ROP) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,868 shares of the industrial products company’s stock, valued at approximately $698,000.
Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in Roper Technologies by 26.8% during the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after buying an additional 106 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Roper Technologies by 34.8% during the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after buying an additional 152 shares in the last quarter. Stephens Inc. AR lifted its stake in Roper Technologies by 113.6% during the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after buying an additional 350 shares in the last quarter. Zions Bancorporation lifted its stake in Roper Technologies by 3,457.9% during the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after buying an additional 657 shares in the last quarter. Finally, Sun Life Financial INC increased its holdings in shares of Roper Technologies by 6,690.9% in the 2nd quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 736 shares during the period. 93.78% of the stock is owned by institutional investors.
Shares of Roper Technologies Inc (NYSE ROP) traded up $0.48 during mid-day trading on Thursday, reaching $255.90. The company had a trading volume of 447,300 shares, compared to its average volume of 427,871. The company has a market capitalization of $26,148.42, a PE ratio of 29.81, a P/E/G ratio of 2.22 and a beta of 1.06. Roper Technologies Inc has a 52-week low of $182.03 and a 52-week high of $267.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07.
Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. Roper Technologies’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $1.65 earnings per share. research analysts anticipate that Roper Technologies Inc will post 9.31 EPS for the current fiscal year.
In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 4,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $259.51, for a total transaction of $1,038,040.00. Following the completion of the transaction, the director now directly owns 14,038 shares in the company, valued at $3,643,001.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jason Conley sold 5,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total value of $1,225,000.00. Following the transaction, the vice president now owns 14,571 shares of the company’s stock, valued at $3,569,895. The disclosure for this sale can be found here. Insiders have sold 10,450 shares of company stock valued at $2,639,736 over the last quarter. Corporate insiders own 2.50% of the company’s stock.
A number of brokerages have recently weighed in on ROP. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $223.00 to $275.00 in a report on Wednesday, September 20th. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Royal Bank of Canada upped their target price on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Cowen reiterated a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a report on Thursday, October 12th. Finally, Robert W. Baird upped their target price on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Roper Technologies has an average rating of “Buy” and a consensus target price of $253.67.
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