Brown Brothers Harriman & Co. Buys 1,302 Shares of Roper Technologies, Inc. (NYSE:ROP)

Brown Brothers Harriman & Co. increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 178.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,033 shares of the industrial products company’s stock after purchasing an additional 1,302 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Roper Technologies were worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ROP. First Trust Advisors LP grew its stake in shares of Roper Technologies by 149.7% during the fourth quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock valued at $200,067,000 after purchasing an additional 220,006 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Roper Technologies by 32.8% in the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock valued at $468,273,000 after buying an additional 211,967 shares during the period. Wellington Management Group LLP lifted its holdings in Roper Technologies by 134.5% in the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock valued at $148,702,000 after buying an additional 156,468 shares during the period. Vanguard Group Inc. lifted its holdings in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after buying an additional 125,387 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Roper Technologies by 24.4% in the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock valued at $341,448,000 after buying an additional 118,971 shares during the period. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ROP shares. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Royal Bank of Canada increased their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $616.00.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Up 0.9 %

Shares of NYSE:ROP opened at $556.56 on Tuesday. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $547.86 and its 200 day simple moving average is $545.05. The firm has a market cap of $59.58 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 2.89 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. As a group, research analysts forecast 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.