Waterloo Capital L.P. Buys 224 Shares of Roper Technologies, Inc. (NYSE:ROP)

Waterloo Capital L.P. grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,881 shares of the industrial products company’s stock after acquiring an additional 224 shares during the quarter. Waterloo Capital L.P.’s holdings in Roper Technologies were worth $1,624,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ROP. Gilbert & Cook Inc. lifted its position in shares of Roper Technologies by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock valued at $998,000 after acquiring an additional 97 shares during the period. Aveo Capital Partners LLC lifted its position in shares of Roper Technologies by 9.5% during the 4th quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 41 shares during the period. 9258 Wealth Management LLC lifted its position in shares of Roper Technologies by 11.5% during the 4th quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock valued at $1,012,000 after acquiring an additional 192 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at $217,000. Finally, Coldstream Capital Management Inc. lifted its position in shares of Roper Technologies by 16.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,700 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 246 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP opened at $549.93 on Thursday. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The business has a 50-day simple moving average of $547.82 and a two-hundred day simple moving average of $545.11. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The stock has a market cap of $58.87 billion, a PE ratio of 39.91, a PEG ratio of 2.89 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research analyst reports. Truist Financial reissued a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Finally, Jefferies Financial Group boosted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $616.00.

Roper Technologies Profile

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.