Capco Asset Management LLC Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Capco Asset Management LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,043 shares of the industrial products company’s stock after purchasing an additional 391 shares during the period. Roper Technologies comprises about 3.3% of Capco Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Capco Asset Management LLC’s holdings in Roper Technologies were worth $14,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ROP. New Covenant Trust Company N.A. purchased a new position in Roper Technologies in the first quarter valued at $25,000. Rise Advisors LLC purchased a new position in shares of Roper Technologies in the 1st quarter valued at about $27,000. OFI Invest Asset Management acquired a new position in Roper Technologies in the 1st quarter worth about $29,000. Versant Capital Management Inc boosted its position in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in Roper Technologies in the second quarter valued at approximately $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 0.3 %

Shares of NYSE ROP opened at $549.93 on Thursday. The stock has a market cap of $58.87 billion, a PE ratio of 39.91, a P/E/G ratio of 2.89 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The company has a 50-day moving average of $547.82 and a 200 day moving average of $545.11.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROP. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays upped their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Truist Financial reaffirmed a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a report on Tuesday, August 27th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $617.00 to $635.00 in a research note on Thursday, July 25th. Finally, Royal Bank of Canada upped their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $616.00.

About Roper Technologies

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.