First National Bank of Omaha bought a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,760 shares of the industrial products company’s stock, valued at approximately $5,865,000.
A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $203,000. Empowered Funds LLC grew its position in Roper Technologies by 11.7% during the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock worth $1,832,000 after buying an additional 326 shares during the period. Harbour Investments Inc. increased its holdings in Roper Technologies by 17.3% in the second quarter. Harbour Investments Inc. now owns 156 shares of the industrial products company’s stock valued at $88,000 after buying an additional 23 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Roper Technologies by 11.7% during the 2nd quarter. Ritholtz Wealth Management now owns 620 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 65 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Roper Technologies by 1.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,836 shares of the industrial products company’s stock worth $1,041,000 after acquiring an additional 29 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Trading Down 1.8%
ROP opened at $315.53 on Wednesday. The firm’s 50 day moving average is $407.11 and its 200-day moving average is $461.96. Roper Technologies, Inc. has a 52-week low of $313.07 and a 52-week high of $595.17. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $33.96 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.54 and a beta of 0.92.
Insider Transactions at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the acquisition, the director directly owned 1,400 shares of the company’s stock, valued at approximately $501,844. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $385.00 price target (down previously from $550.00) on shares of Roper Technologies in a report on Tuesday, January 27th. Raymond James Financial reduced their target price on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 24th. Barclays lowered their target price on Roper Technologies from $475.00 to $409.00 and set an “underweight” rating on the stock in a report on Wednesday, January 28th. Argus reissued a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada decreased their price objective on Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $478.53.
Read Our Latest Stock Analysis on ROP
About Roper Technologies
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
Featured Stories
- Five stocks we like better than Roper Technologies
- Energy Security Is Now National Security – Positioning Is Happening Now
- The gold chart Wall Street is terrified of…
- The “Bomb” in America’s Basement
- Unlocked: Elon Musk’s Next Big IPO
- Your Bank Account Is No Longer Safe
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
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.
