Alleghany Corp DE decreased its stake in Roper Technologies Inc (NYSE:ROP) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 527,998 shares of the industrial products company’s stock after selling 34,002 shares during the quarter. Roper Technologies comprises 10.0% of Alleghany Corp DE’s portfolio, making the stock its 3rd biggest holding. Alleghany Corp DE owned about 0.51% of Roper Technologies worth $193,385,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in ROP. FMR LLC boosted its holdings in shares of Roper Technologies by 95.8% in the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock worth $592,690,000 after purchasing an additional 848,157 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Roper Technologies in the 2nd quarter worth approximately $68,307,000. Mirova boosted its holdings in shares of Roper Technologies by 132,040.5% in the 2nd quarter. Mirova now owns 153,283 shares of the industrial products company’s stock worth $56,141,000 after purchasing an additional 153,167 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Roper Technologies by 77.7% in the 2nd quarter. Bessemer Group Inc. now owns 342,751 shares of the industrial products company’s stock worth $125,536,000 after purchasing an additional 149,837 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Roper Technologies by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock worth $358,725,000 after purchasing an additional 103,001 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.
ROP opened at $359.55 on Friday. The business has a fifty day moving average of $359.35 and a 200 day moving average of $353.71. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $385.51. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. The stock has a market cap of $36.82 billion, a P/E ratio of 30.44, a PEG ratio of 2.47 and a beta of 1.16.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business earned $2.89 EPS. Roper Technologies’s revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Roper Technologies Inc will post 13.01 EPS for the current fiscal year.
ROP has been the subject of a number of recent research reports. Wells Fargo & Co lifted their target price on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Raymond James boosted their price objective on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Barclays boosted their price objective on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Finally, Oppenheimer boosted their price objective on Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and an average target price of $377.50.
In other Roper Technologies news, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction on 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy Woods Brinkley sold 1,500 shares of Roper Technologies stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the sale, the director now directly owns 15,380 shares of the company’s stock, valued at $5,545,105.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,000 shares of company stock valued at $1,449,210. 1.90% of the stock is owned by company insiders.
Roper Technologies Company 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.
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