E Fund Management Co. Ltd. Purchases 370 Shares of Roper Technologies, Inc. (NYSE:ROP)

E Fund Management Co. Ltd. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 20.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,158 shares of the industrial products company’s stock after acquiring an additional 370 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Roper Technologies were worth $1,216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. Gilbert & Cook Inc. boosted its stake in Roper Technologies by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock worth $998,000 after acquiring an additional 97 shares during the last quarter. Aveo Capital Partners LLC boosted its stake in Roper Technologies by 9.5% during the 4th quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 41 shares during the last quarter. 9258 Wealth Management LLC boosted its stake in Roper Technologies by 11.5% during the 4th quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock worth $1,012,000 after acquiring an additional 192 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Roper Technologies during the 4th quarter worth approximately $217,000. Finally, UBS Group AG lifted its stake in Roper Technologies by 52.9% in the fourth quarter. UBS Group AG now owns 308,907 shares of the industrial products company’s stock valued at $168,407,000 after buying an additional 106,910 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

NYSE ROP opened at $551.83 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The company has a market capitalization of $59.07 billion, a PE ratio of 40.05, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. The firm’s 50 day moving average is $547.89 and its 200-day moving average is $545.08.

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

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the business’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 transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a filing with the SEC, which is available through this link. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ROP. Oppenheimer cut their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research note on Tuesday, August 27th. Jefferies Financial Group lifted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Finally, Royal Bank of Canada lifted their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $616.00.

Roper Technologies 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.