Trust Co of Kansas Sells 3,800 Shares of Roper Technologies, Inc. (NYSE:ROP)

Trust Co of Kansas lowered its stake in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 37.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,427 shares of the industrial products company’s stock after selling 3,800 shares during the quarter. Roper Technologies comprises approximately 1.6% of Trust Co of Kansas’ holdings, making the stock its 22nd largest holding. Trust Co of Kansas’ holdings in Roper Technologies were worth $2,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Roper Technologies by 4.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 12,028,540 shares of the industrial products company’s stock valued at $4,747,063,000 after purchasing an additional 462,988 shares in the last quarter. Vanguard Group Inc. lifted its position in Roper Technologies by 1.3% during the third quarter. Vanguard Group Inc. now owns 9,388,296 shares of the industrial products company’s stock valued at $3,376,407,000 after purchasing an additional 124,811 shares during the last quarter. BlackRock Inc. grew its stake in shares of Roper Technologies by 0.3% in the 3rd quarter. BlackRock Inc. now owns 7,618,673 shares of the industrial products company’s stock worth $2,739,982,000 after buying an additional 20,059 shares in the last quarter. State Street Corp increased its holdings in shares of Roper Technologies by 1.4% in the 3rd quarter. State Street Corp now owns 4,198,011 shares of the industrial products company’s stock worth $1,509,773,000 after buying an additional 59,753 shares during the last quarter. Finally, Durable Capital Partners LP raised its position in shares of Roper Technologies by 10.9% during the 3rd quarter. Durable Capital Partners LP now owns 1,620,297 shares of the industrial products company’s stock valued at $582,724,000 after buying an additional 159,278 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of several analyst reports. Wolfe Research raised Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price objective on the stock in a research note on Thursday, February 23rd. The Goldman Sachs Group raised their price target on Roper Technologies from $423.00 to $468.00 and gave the stock a “neutral” rating in a research report on Thursday, December 15th. Royal Bank of Canada boosted their price objective on shares of Roper Technologies from $504.00 to $505.00 and gave the company an “outperform” rating in a research report on Monday, January 30th. Finally, Barclays raised their target price on shares of Roper Technologies from $510.00 to $518.00 and gave the stock an “overweight” rating in a report on Monday, January 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $495.67.

Roper Technologies Trading Down 1.7 %

Shares of ROP opened at $420.93 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.67 and a quick ratio of 0.63. The firm has a market capitalization of $44.72 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 2.49 and a beta of 1.03. The company has a 50-day moving average of $432.46 and a 200 day moving average of $416.05. Roper Technologies, Inc. has a 1-year low of $356.21 and a 1-year high of $488.23.

Roper Technologies (NYSE:ROP – Get Rating) last announced its quarterly earnings results on Friday, January 27th. The industrial products company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Roper Technologies had a return on equity of 11.43% and a net margin of 80.89%. Roper Technologies’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.73 earnings per share. On average, research analysts expect that Roper Technologies, Inc. will post 16.07 EPS for the current year.

Insider Activity

In other Roper Technologies news, CEO Laurence Neil Hunn sold 5,000 shares of the stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $443.57, for a total transaction of $2,217,850.00. Following the transaction, the chief executive officer now directly owns 112,048 shares in the company, valued at approximately $49,701,131.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Richard F. Wallman bought 1,000 shares of the stock in a transaction on Tuesday, February 14th. The stock was bought at an average price of $424.95 per share, for a total transaction of $424,950.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at $424,950. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laurence Neil Hunn sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $443.57, for a total value of $2,217,850.00. Following the completion of the transaction, the chief executive officer now directly owns 112,048 shares of the company’s stock, valued at $49,701,131.36. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Roper Technologies Profile

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.