Neuberger Berman Group LLC Reduces Position in Roper Technologies, Inc. (NYSE:ROP)

Neuberger Berman Group LLC lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROPGet Rating) by 31.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 394,503 shares of the industrial products company’s stock after selling 177,085 shares during the period. Neuberger Berman Group LLC owned 0.37% of Roper Technologies worth $186,292,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ROP. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $28,000. Curi Wealth Management LLC grew its stake in shares of Roper Technologies by 1,625.0% in the 1st quarter. Curi Wealth Management LLC now owns 69 shares of the industrial products company’s stock valued at $32,000 after buying an additional 65 shares during the period. Quent Capital LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $44,000. Kempen Capital Management N.V. purchased a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $43,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Roper Technologies by 48.8% in the 1st quarter. Jones Financial Companies Lllp now owns 189 shares of the industrial products company’s stock valued at $89,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of several analyst reports. TheStreet cut shares of Roper Technologies from a “b” rating to a “c+” rating in a research note on Friday, July 22nd. The Goldman Sachs Group decreased their price objective on shares of Roper Technologies from $540.00 to $412.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Barclays decreased their price objective on shares of Roper Technologies from $500.00 to $480.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Oppenheimer set a $500.00 price objective on shares of Roper Technologies in a report on Monday, June 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Roper Technologies in a report on Tuesday, August 16th. They issued a “market perform” rating and a $490.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $492.90.

Roper Technologies Price Performance

Roper Technologies stock opened at $384.00 on Friday. The firm has a market cap of $40.71 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 52-week low of $369.51 and a 52-week high of $505.00. The company has a quick ratio of 1.55, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $414.89 and its two-hundred day moving average is $430.42.

Roper Technologies (NYSE:ROPGet Rating) last released its earnings results on Friday, July 22nd. The industrial products company reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.83 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.54 billion. Roper Technologies had a net margin of 49.32% and a return on equity of 12.83%. During the same period in the prior year, the business earned $3.76 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts expect that Roper Technologies, Inc. will post 13.6 EPS for the current fiscal year.

Roper Technologies Profile

(Get Rating)

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

Further Reading

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

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.