Argent Trust Co Purchases 63 Shares of Roper Technologies, Inc. (NYSE:ROP)

Argent Trust Co lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,352 shares of the industrial products company’s stock after purchasing an additional 63 shares during the quarter. Argent Trust Co’s holdings in Roper Technologies were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ROP. Steward Partners Investment Advisory LLC boosted its holdings in shares of Roper Technologies by 236.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 5,789 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Roper Technologies by 497.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock valued at $5,232,000 after purchasing an additional 7,768 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Roper Technologies by 5.9% during the fourth quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company’s stock valued at $27,416,000 after purchasing an additional 2,811 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Roper Technologies by 90.7% during the fourth quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company’s stock valued at $29,092,000 after acquiring an additional 25,384 shares in the last quarter. Finally, ORG Partners LLC increased its position in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 1,024 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.3 %

Shares of Roper Technologies stock opened at $549.93 on Thursday. The company’s fifty day simple moving average is $547.82 and its 200-day simple moving average is $545.11. The stock has a market capitalization of $58.87 billion, a PE ratio of 39.91, a P/E/G ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

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

Wall Street Analyst Weigh In

ROP has been the subject of several analyst reports. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Royal Bank of Canada raised their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Barclays raised their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $616.00.

Insider Activity at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Company 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.