Baird Financial Group Inc. Purchases 2,066 Shares of Roper Technologies, Inc. (NYSE:ROP)

Posted by on Mar 15th, 2023

Baird Financial Group Inc. increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,998 shares of the industrial products company’s stock after purchasing an additional 2,066 shares during the quarter. Baird Financial Group Inc. owned about 0.07% of Roper Technologies worth $26,253,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC grew its stake in shares of Roper Technologies by 10.7% during the third quarter. Orion Portfolio Solutions LLC now owns 588 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 57 shares during the last quarter. Aviva PLC grew its stake in shares of Roper Technologies by 16.8% during the third quarter. Aviva PLC now owns 43,101 shares of the industrial products company’s stock valued at $15,501,000 after purchasing an additional 6,193 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Roper Technologies during the second quarter valued at approximately $2,126,000. Fisher Asset Management LLC grew its stake in shares of Roper Technologies by 5.5% during the third quarter. Fisher Asset Management LLC now owns 16,002 shares of the industrial products company’s stock valued at $5,755,000 after purchasing an additional 832 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Roper Technologies by 49.1% during the second quarter. Point72 Asset Management L.P. now owns 38,800 shares of the industrial products company’s stock valued at $15,312,000 after purchasing an additional 12,776 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 471 shares of the stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $429.55, for a total value of $202,318.05. Following the sale, the director now directly owns 38,127 shares in the company, valued at $16,377,452.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Roper Technologies news, Director Christopher Wright sold 471 shares of the stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $429.55, for a total value of $202,318.05. Following the sale, the director now directly owns 38,127 shares in the company, valued at $16,377,452.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Laurence Neil Hunn sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $443.57, for a total transaction of $2,217,850.00. Following the sale, the chief executive officer now owns 112,048 shares in the company, valued at $49,701,131.36. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Roper Technologies Trading Up 1.6 %

ROP opened at $428.07 on Wednesday. The firm’s fifty day moving average is $432.90 and its two-hundred day moving average is $416.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.67. The firm has a market cap of $45.48 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $356.21 and a twelve month high of $488.23.

Roper Technologies (NYSE:ROP – Get Rating) last posted its earnings results on Friday, January 27th. The industrial products company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Roper Technologies had a net margin of 80.89% and a return on equity of 11.43%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $3.73 earnings per share. Equities research analysts anticipate that Roper Technologies, Inc. will post 16.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ROP shares. The Goldman Sachs Group increased their price target on shares of Roper Technologies from $423.00 to $468.00 and gave the company a “neutral” rating in a research note on Thursday, December 15th. Wolfe Research raised shares of Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price objective on the stock in a research note on Thursday, February 23rd. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $504.00 to $505.00 and gave the company an “outperform” rating in a research note on Monday, January 30th. Finally, Barclays raised their price objective on shares of Roper Technologies from $510.00 to $518.00 and gave the company an “overweight” rating in a research note on Monday, January 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $495.67.

Roper Technologies Company Profile

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Roper Technologies, Inc is a diversified technology company. engages in the provision of engineered products and solutions for the global niche markets. It operates through the following segments: Application Software, Network Software and Systems, Measurement and Analytical Solutions, and Process Technologies.

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

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