ETF Managers Group LLC Grows Stake in Roper Technologies Inc (ROP)

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ETF Managers Group LLC grew its position in Roper Technologies Inc (NYSE:ROP) by 10.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 511 shares of the industrial products company’s stock after buying an additional 47 shares during the period. ETF Managers Group LLC’s holdings in Roper Technologies were worth $175,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cutler Group LP acquired a new stake in shares of Roper Technologies in the 4th quarter valued at $26,000. Berman Capital Advisors LLC acquired a new stake in shares of Roper Technologies in the 4th quarter valued at $26,000. Pinnacle Bank acquired a new stake in shares of Roper Technologies in the 4th quarter valued at $26,000. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Roper Technologies in the 1st quarter valued at $27,000. Finally, Proficio Capital Partners LLC increased its stake in shares of Roper Technologies by 115.8% in the 4th quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock valued at $33,000 after buying an additional 66 shares during the period. 91.91% of the stock is owned by institutional investors.

Shares of Roper Technologies stock opened at $352.83 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 0.55. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $363.85. The firm has a market cap of $36.41 billion, a P/E ratio of 29.88, a P/E/G ratio of 2.26 and a beta of 1.21.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.52. Roper Technologies had a return on equity of 17.00% and a net margin of 20.90%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm earned $2.61 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Roper Technologies Inc will post 12.89 earnings per share for the current fiscal year.

ROP has been the subject of a number of analyst reports. Wells Fargo & Co lifted their price objective on Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Stephens lifted their price objective on Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Argus lifted their price objective on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $349.90.

In other Roper Technologies news, Director Richard F. Wallman bought 500 shares of Roper Technologies stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $326.97 per share, for a total transaction of $163,485.00. Following the completion of the acquisition, the director now owns 53,465 shares in the company, valued at approximately $17,481,451.05. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Laurence Neil Hunn sold 47,000 shares of Roper Technologies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $354.76, for a total value of $16,673,720.00. Following the transaction, the insider now owns 218,866 shares in the company, valued at $77,644,902.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,500 shares of company stock valued at $17,492,530. 2.30% of the stock is owned by insiders.

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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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