King Luther Capital Management Corp boosted its position in Roper Technologies Inc (NYSE:ROP) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 652,639 shares of the industrial products company’s stock after acquiring an additional 2,858 shares during the quarter. Roper Technologies accounts for 1.4% of King Luther Capital Management Corp’s investment portfolio, making the stock its 20th biggest position. King Luther Capital Management Corp owned 0.64% of Roper Technologies worth $158,852,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ROP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Roper Technologies by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock worth $1,755,000 after purchasing an additional 23 shares in the last quarter. Bellwether Investment Group LLC increased its position in shares of Roper Technologies by 1.2% during the second quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock worth $491,000 after acquiring an additional 26 shares during the last quarter. Scotia Capital Inc. increased its position in shares of Roper Technologies by 1.8% during the second quarter. Scotia Capital Inc. now owns 1,744 shares of the industrial products company’s stock worth $404,000 after acquiring an additional 30 shares during the last quarter. Pitcairn Co. increased its position in shares of Roper Technologies by 0.3% during the second quarter. Pitcairn Co. now owns 13,754 shares of the industrial products company’s stock worth $3,184,000 after acquiring an additional 44 shares during the last quarter. Finally, Fiera Capital Corp increased its position in shares of Roper Technologies by 3.5% during the second quarter. Fiera Capital Corp now owns 1,340 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

A number of analysts have recently issued reports on ROP shares. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a research report on Monday, October 2nd. Robert W. Baird lifted their target price on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. J P Morgan Chase & Co raised Roper Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. Finally, Royal Bank Of Canada lifted their target price on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $253.67.

Shares of Roper Technologies Inc (NYSE:ROP) traded up $1.27 during trading on Tuesday, reaching $261.87. The company had a trading volume of 552,900 shares, compared to its average volume of 427,199. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07. The company has a market capitalization of $26,810.00, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.27 and a beta of 1.06. Roper Technologies Inc has a 1 year low of $181.16 and a 1 year high of $267.83.

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

In other Roper Technologies news, Director Laura G. Thatcher sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $235.47, for a total value of $235,470.00. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at $2,590,170. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Wright sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total value of $118,520.00. Following the completion of the sale, the director now owns 64,604 shares of the company’s stock, valued at $15,313,732.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,750 shares of company stock valued at $2,681,690. 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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