Oppenheimer Asset Management Inc. lifted its position in Roper Technologies Inc (NYSE:ROP) by 17.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,067 shares of the industrial products company’s stock after purchasing an additional 2,681 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Roper Technologies were worth $4,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Roper Technologies by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after acquiring an additional 354,064 shares in the last quarter. Harding Loevner LP raised its stake in Roper Technologies by 293.8% during the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after acquiring an additional 4,420,649 shares in the last quarter. Principal Financial Group Inc. raised its stake in Roper Technologies by 3.0% during the second quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after acquiring an additional 57,035 shares in the last quarter. American Century Companies Inc. raised its stake in Roper Technologies by 0.8% during the third quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock worth $314,666,000 after acquiring an additional 10,548 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Roper Technologies by 0.5% during the second quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock worth $253,887,000 after acquiring an additional 5,279 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Several research analysts have issued reports on the company. Oppenheimer increased their price objective on Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Cowen reiterated a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a research note on Thursday, October 12th. Royal Bank Of Canada increased their price objective on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Finally, Robert W. Baird increased their price objective on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Roper Technologies presently has a consensus rating of “Buy” and an average price target of $253.67.

In other news, Director Christopher Wright sold 500 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total transaction of $118,520.00. Following the sale, the director now owns 64,604 shares in the company, valued at $15,313,732.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura G. Thatcher sold 1,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $235.47, for a total value of $235,470.00. Following the sale, the director now owns 11,000 shares in the company, valued at approximately $2,590,170. The disclosure for this sale can be found here. Insiders have sold 10,750 shares of company stock worth $2,681,690 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Shares of Roper Technologies Inc (NYSE ROP) traded up $0.10 during mid-day trading on Friday, hitting $260.58. The stock had a trading volume of 267,960 shares, compared to its average volume of 340,256. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $26,663.31, a PE ratio of 30.39, a PEG ratio of 2.27 and a beta of 1.06. Roper Technologies Inc has a 12 month low of $182.03 and a 12 month high of $267.83.

Roper Technologies (NYSE:ROP) last announced 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 company had revenue of $1.17 billion for 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%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. equities research analysts forecast that Roper Technologies Inc will post 9.31 earnings per share for the current year.

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About Roper Technologies

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

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