Aureus Asset Management LLC Purchases Shares of 2,815 Roper Technologies Inc (ROP)

Aureus Asset Management LLC acquired a new stake in Roper Technologies Inc (NYSE:ROP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,815 shares of the industrial products company’s stock, valued at approximately $685,000.

Several other hedge funds have also recently bought and sold shares of the stock. Parallel Advisors LLC increased its holdings in Roper Technologies by 26.8% during the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 106 shares during the period. Tower Research Capital LLC TRC increased its holdings in Roper Technologies by 34.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 152 shares during the period. Stephens Inc. AR increased its holdings in Roper Technologies by 113.6% during the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 350 shares during the period. Sun Life Financial INC increased its holdings in Roper Technologies by 6,690.9% during the 2nd quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 736 shares during the period. Finally, Creative Planning increased its holdings in Roper Technologies by 12.7% during the 2nd quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Several brokerages have weighed in on ROP. Oppenheimer upped their price target on Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Cowen restated a “buy” rating and set a $250.00 price target on shares of Roper Technologies in a report on Thursday, October 12th. Royal Bank Of Canada upped their price target on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $223.00 to $275.00 in a report on Wednesday, September 20th. Finally, Robert W. Baird upped their price target on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report 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 an average rating of “Buy” and an average price target of $253.67.

Roper Technologies Inc (NYSE ROP) traded up $1.27 on Tuesday, hitting $261.87. The stock had a trading volume of 552,900 shares, compared to its average volume of 427,199. Roper Technologies Inc has a fifty-two week low of $181.16 and a fifty-two week high of $267.83. The stock has a market cap of $26,810.00, a P/E ratio of 30.41, a P/E/G ratio of 2.27 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. analysts forecast that Roper Technologies Inc will post 9.31 EPS for the current year.

In other news, Director Christopher Wright sold 250 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $258.64, for a total value of $64,660.00. Following the transaction, the director now owns 64,450 shares in the company, valued at approximately $16,669,348. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jason Conley sold 5,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total value of $1,225,000.00. Following the completion of the transaction, the vice president now owns 14,571 shares in the company, valued at approximately $3,569,895. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,750 shares of company stock worth $2,681,690. Company insiders own 2.50% of the company’s stock.

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Roper Technologies Profile

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

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