Kennedy Capital Management Inc. decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,720 shares of the industrial products company’s stock after selling 637 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Roper Technologies were worth $5,723,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock valued at $2,168,593,000 after purchasing an additional 479,056 shares during the period. BlackRock Inc. raised its position in shares of Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock valued at $1,647,156,000 after purchasing an additional 7,689,856 shares during the period. State Street Corp raised its position in shares of Roper Technologies by 4.6% in the first quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock valued at $955,175,000 after purchasing an additional 203,844 shares during the period. Principal Financial Group Inc. raised its position in shares of Roper Technologies by 3.0% in the second quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock valued at $450,277,000 after purchasing an additional 57,035 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Roper Technologies by 25.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock valued at $297,819,000 after purchasing an additional 291,418 shares during the period. 94.35% of the stock is currently owned by institutional investors.

Shares of Roper Technologies, Inc. (NYSE ROP) opened at 235.58 on Thursday. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $238.49. The firm has a market cap of $24.08 billion, a P/E ratio of 35.27 and a beta of 1.05. The firm’s 50-day moving average is $232.37 and its 200-day moving average is $223.59.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.56 EPS. On average, analysts anticipate that Roper Technologies, Inc. will post $9.28 EPS for the current fiscal year.

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In other news, Director Robert D. Johnson sold 2,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the sale, the director now directly owns 10,900 shares of the company’s stock, valued at approximately $2,561,173. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $118,520.00. Following the sale, the director now directly owns 64,604 shares in the company, valued at $15,313,732.16. The disclosure for this sale can be found here. Insiders have sold a total of 5,500 shares of company stock worth $1,294,060 in the last quarter. Company insiders own 2.50% of the company’s stock.

A number of equities analysts have recently commented on ROP shares. Raymond James Financial, Inc. lifted their price target on shares of Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $248.00 price target on shares of Roper Technologies in a research report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $238.42.

Roper Technologies Profile

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

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