Sun Life Financial INC Trims Stock Holdings in Roper Technologies Inc (NYSE:ROP)

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Sun Life Financial INC reduced its stake in Roper Technologies Inc (NYSE:ROP) by 52.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83 shares of the industrial products company’s stock after selling 93 shares during the quarter. Sun Life Financial INC’s holdings in Roper Technologies were worth $30,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Roper Technologies by 95.8% in the first quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock valued at $592,690,000 after acquiring an additional 848,157 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Roper Technologies by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock valued at $358,725,000 after acquiring an additional 103,001 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Roper Technologies by 3.1% in the second quarter. JPMorgan Chase & Co. now owns 1,325,385 shares of the industrial products company’s stock valued at $481,034,000 after acquiring an additional 39,516 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Roper Technologies by 3.5% in the first quarter. American Century Companies Inc. now owns 1,278,952 shares of the industrial products company’s stock valued at $437,363,000 after acquiring an additional 43,134 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Roper Technologies by 1.8% in the first quarter. Northern Trust Corp now owns 1,183,835 shares of the industrial products company’s stock valued at $404,835,000 after purchasing an additional 21,194 shares during the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.

NYSE:ROP traded up $2.49 on Friday, hitting $366.76. 413,492 shares of the stock were exchanged, compared to its average volume of 399,782. The stock has a market cap of $37.88 billion, a PE ratio of 31.06, a PEG ratio of 2.55 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $362.73 and a 200-day moving average of $350.18. Roper Technologies Inc has a fifty-two week low of $245.59 and a fifty-two week high of $385.51.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.05 by $0.02. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.89 earnings per share. As a group, analysts predict that Roper Technologies Inc will post 13 earnings per share for the current year.

In other news, Director Robert D. Johnson sold 750 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $344.76, for a total value of $258,570.00. Following the completion of the sale, the director now owns 7,700 shares in the company, valued at $2,654,652. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the completion of the sale, the director now owns 12,918 shares of the company’s stock, valued at approximately $4,694,917.92. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

ROP has been the subject of several analyst reports. Oppenheimer upped their target price on Roper Technologies from $375.00 to $400.00 in a research note on Tuesday, July 9th. Wells Fargo & Co upped their target price on Roper Technologies from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their target price on Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Barclays upped their target price on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Finally, Raymond James upped their target price on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $375.20.

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.

Further Reading: Insider Trading

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

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