Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 62.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,815 shares of the industrial products company’s stock after acquiring an additional 1,086 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Roper Technologies were worth $1,587,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ROP. New Covenant Trust Company N.A. acquired a new position in Roper Technologies in the first quarter valued at $25,000. Rise Advisors LLC acquired a new position in Roper Technologies in the first quarter valued at $27,000. OFI Invest Asset Management acquired a new position in Roper Technologies in the first quarter valued at $29,000. Versant Capital Management Inc increased its stake in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Finally, Covestor Ltd increased its stake in Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ROP. Barclays upped their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Truist Financial reissued a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price target on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $616.00.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $551.84 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The business has a 50-day moving average of $547.86 and a 200-day moving average of $544.97. The company has a market capitalization of $59.16 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.