American Century Companies Inc. Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

American Century Companies Inc. grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 24.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 605,769 shares of the industrial products company’s stock after purchasing an additional 118,971 shares during the quarter. American Century Companies Inc.’s holdings in Roper Technologies were worth $341,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Marco Investment Management LLC increased its position in shares of Roper Technologies by 4.1% during the 2nd quarter. Marco Investment Management LLC now owns 9,011 shares of the industrial products company’s stock valued at $5,079,000 after purchasing an additional 353 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Roper Technologies by 1.2% during the 2nd quarter. Headlands Technologies LLC now owns 4,962 shares of the industrial products company’s stock valued at $2,797,000 after purchasing an additional 59 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of Roper Technologies by 6.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,763 shares of the industrial products company’s stock valued at $994,000 after purchasing an additional 108 shares during the last quarter. Van Hulzen Asset Management LLC increased its position in shares of Roper Technologies by 3.0% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 29,063 shares of the industrial products company’s stock valued at $16,382,000 after purchasing an additional 850 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Roper Technologies by 10.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,793 shares of the industrial products company’s stock valued at $10,029,000 after purchasing an additional 1,629 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In related news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of 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 filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Truist Financial reiterated a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 27th. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $616.00.

Roper Technologies Stock Down 0.5 %

NYSE ROP opened at $549.84 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The company has a market capitalization of $58.94 billion, a P/E ratio of 39.90, a P/E/G ratio of 2.87 and a beta of 1.02. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The stock has a 50 day moving average price of $548.26 and a 200-day moving average price of $544.90.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, equities analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

About Roper Technologies

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.