AGF Investments LLC Sells 249 Shares of Roper Technologies Inc (NYSE:ROP)

AGF Investments LLC lessened its stake in shares of Roper Technologies Inc (NYSE:ROP) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,161 shares of the industrial products company’s stock after selling 249 shares during the period. AGF Investments LLC’s holdings in Roper Technologies were worth $674,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Fiera Capital Corp increased its position in Roper Technologies by 4.4% during the 4th quarter. Fiera Capital Corp now owns 621 shares of the industrial products company’s stock valued at $220,000 after buying an additional 26 shares in the last quarter. Creative Planning increased its position in Roper Technologies by 1.5% during the 4th quarter. Creative Planning now owns 1,797 shares of the industrial products company’s stock valued at $637,000 after buying an additional 27 shares in the last quarter. CAPROCK Group Inc. increased its position in Roper Technologies by 3.8% during the 4th quarter. CAPROCK Group Inc. now owns 771 shares of the industrial products company’s stock valued at $273,000 after buying an additional 28 shares in the last quarter. Gofen & Glossberg LLC IL increased its position in Roper Technologies by 3.2% during the 4th quarter. Gofen & Glossberg LLC IL now owns 965 shares of the industrial products company’s stock valued at $342,000 after buying an additional 30 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Roper Technologies by 1.0% during the 4th quarter. Cetera Investment Advisers now owns 3,066 shares of the industrial products company’s stock valued at $1,094,000 after buying an additional 30 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

A number of analysts have commented on the company. Royal Bank of Canada lifted their target price on Roper Technologies from $395.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wells Fargo & Co reduced their target price on Roper Technologies from $400.00 to $390.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Cowen lifted their target price on Roper Technologies from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Barclays reissued a “hold” rating and issued a $340.00 target price on shares of Roper Technologies in a report on Wednesday, April 29th. Finally, Argus reduced their target price on Roper Technologies from $410.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Roper Technologies currently has an average rating of “Buy” and an average price target of $386.70.

Shares of ROP opened at $367.06 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.96 and a quick ratio of 0.87. Roper Technologies Inc has a one year low of $240.00 and a one year high of $395.00. The firm has a market capitalization of $38.11 billion, a P/E ratio of 23.56, a PEG ratio of 2.86 and a beta of 1.03. The business has a fifty day moving average of $331.13 and a 200 day moving average of $348.18.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $3.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.14. Roper Technologies had a return on equity of 14.94% and a net margin of 30.17%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. Roper Technologies’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Roper Technologies Inc will post 12.14 EPS for the current fiscal year.

In related news, Director Wilbur J. Prezzano sold 3,500 shares of Roper Technologies stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $355.65, for a total transaction of $1,244,775.00. Following the transaction, the director now directly owns 16,880 shares in the company, valued at $6,003,372. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Wright sold 3,000 shares of Roper Technologies stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $268.11, for a total value of $804,330.00. Following the transaction, the director now owns 53,524 shares in the company, valued at $14,350,319.64. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock valued at $3,529,105 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

About Roper Technologies

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.

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

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