Roper Technologies, Inc. (ROP) Position Raised by CAPROCK Group Inc

Bruno Cirelli
Agosto 8, 2017

Kingfisher Limited Liability reported 0.87% in Roper Technologies Inc (NYSE:ROP). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Motco now owns 487 shares of the industrial products company's stock valued at $101,000 after buying an additional 387 shares in the last quarter. Private Advisor Group LLC purchased a new position in Roper Technologies during the first quarter valued at about $118,000. TX's holdings in Roper Technologies were worth $4,536,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROP.

Bessemer Group Inc. cut its stake in shares of Roper Technologies, Inc. Parallel Advisors LLC now owns 502 shares of the industrial products company's stock worth $117,000 after buying an additional 106 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Roper Technologies by 20.6% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 76,725 shares of the industrial products company's stock valued at $17,607,000 after buying an additional 13,086 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in Roper Technologies by 164.7% in the second quarter. BlackRock Inc. boosted its stake in shares of Roper Technologies by 2,678.8% in the first quarter. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.02. Barclays PLC boosted their price objective on shares of Roper Technologies from $221.00 to $237.00 and gave the stock an "overweight" rating in a research report on Monday, May 1st. Morgan Stanley now owns 279,450 shares of the industrial products company's stock worth $57,704,000 after buying an additional 107,785 shares during the last quarter. Insiders own 2.50% of the company's stock. Roper Technologies Inc now has $24.15 billion valuation. Hartford Investment Mngmt has invested 0.09% of its portfolio in Roper Technologies Inc (NYSE:ROP). Zacks Investment Research raised Roper Technologies from a "hold" rating to a "buy" rating and set a $260.00 price target on the stock in a research note on Tuesday, August 1st. The company has a market cap of $24.16 billion, a PE ratio of 35.43 and a beta of 1.04. More interesting news about Roper Technologies Inc (NYSE:ROP) were released by: Nasdaq.com and their article: "Roper Technologies (ROP) Q2 Earnings: What's in the Cards?" published on July 27, 2017 as well as Prnewswire.com's news article titled: "Machinery Stocks on Investors' Radar - ITT Inc., Milacron, Roper Technologies ..." with publication date: July 18, 2017. The industrial products company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. During the same period in the previous year, the business earned $1.56 EPS.

The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is 20.96%.

TRADEMARK VIOLATION WARNING: "Roper Technologies, Inc. (NYSE:ROP) is Contravisory Investment Management Inc.'s 6th Largest Position" was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of global copyright and trademark law. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/08/07/roper-technologies-inc-rop-shares-sold-by-clear-harbor-asset-management-llc-updated.html.

ROP has been the subject of several analyst reports. Zacks Investment Research raised shares of Roper Technologies from a "hold" rating to a "buy" rating and set a $244.00 target price on the stock in a report on Monday, May 1st. Cowen and Company reiterated an "outperform" rating and set a $250.00 price objective (up previously from $220.00) on shares of Roper Technologies in a research report on Monday, April 17th. Raymond James Financial, Inc. increased their price objective on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Finally, Royal Bank Of Canada reaffirmed a "buy" rating and issued a $248.00 price target on shares of Roper Technologies in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. RBC Capital Markets has "Buy" rating and $25600 target.

In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of Roper Technologies stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00.

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