Tower Research Capital LLC TRC Raises Stock Position in Roper Technologies Inc (NYSE:ROP)

Tower Research Capital LLC TRC boosted its holdings in Roper Technologies Inc (NYSE:ROP) by 849.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,867 shares of the industrial products company’s stock after buying an additional 12,406 shares during the period. Tower Research Capital LLC TRC’s holdings in Roper Technologies were worth $5,078,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ROP. Krane Funds Advisors LLC purchased a new position in shares of Roper Technologies during the second quarter valued at about $25,000. Captrust Financial Advisors grew its position in shares of Roper Technologies by 227.3% during the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 50 shares in the last quarter. Coastal Investment Advisors Inc. purchased a new position in shares of Roper Technologies during the second quarter valued at about $30,000. Advisory Alpha LLC purchased a new position in shares of Roper Technologies during the first quarter valued at about $35,000. Finally, MUFG Americas Holdings Corp grew its position in shares of Roper Technologies by 83.0% during the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Shares of NYSE:ROP traded up $0.97 during trading on Friday, reaching $359.45. The company’s stock had a trading volume of 15,996 shares, compared to its average volume of 380,798. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $385.51. The firm’s 50 day simple moving average is $359.64 and its two-hundred day simple moving average is $353.50. The stock has a market capitalization of $36.83 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, beating the Zacks’ consensus estimate of $3.05 by $0.02. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm earned $2.89 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts anticipate that Roper Technologies Inc will post 13.01 EPS for the current fiscal year.

A number of brokerages have recently weighed in on ROP. ValuEngine lowered Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays raised their price objective on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 9th. Oppenheimer raised their price objective on Roper Technologies from $375.00 to $400.00 in a research report on Tuesday, July 9th. Raymond James raised their price objective on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada raised their price objective on Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Roper Technologies has an average rating of “Buy” and an average target price of $377.50.

In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the completion of the sale, the director now owns 12,918 shares of the company’s stock, valued at $4,694,917.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total transaction of $181,520.00. Following the completion of the sale, the director now directly owns 9,080 shares of the company’s stock, valued at approximately $3,296,403.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,000 shares of company stock valued at $1,449,210. 1.90% of the stock is owned by insiders.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

Read More: Understanding the Price to Earnings Ratio (PE)

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

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