Hsbc Holdings PLC Sells 47,281 Shares of Roper Technologies, Inc. (NYSE:ROP)

Hsbc Holdings PLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,930 shares of the industrial products company’s stock after selling 47,281 shares during the period. Hsbc Holdings PLC owned about 0.29% of Roper Technologies worth $175,987,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ROP. First Trust Advisors LP increased its holdings in Roper Technologies by 149.7% during the 4th 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 in the last quarter. Wellington Management Group LLP increased its stake in shares of 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 in the last quarter. Vanguard Group Inc. lifted its position in Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after buying an additional 125,387 shares in the last quarter. American Century Companies Inc. grew its holdings in Roper Technologies by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock worth $341,448,000 after acquiring an additional 118,971 shares during the last quarter. Finally, UBS Group AG increased its position in Roper Technologies by 52.9% in the 4th quarter. UBS Group AG now owns 308,907 shares of the industrial products company’s stock valued at $168,407,000 after acquiring an additional 106,910 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of the business’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 sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred 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 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Robert D. Johnson sold 140 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 0.8 %

Shares of ROP stock opened at $551.83 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The company has a market cap of $59.07 billion, a PE ratio of 40.05, a P/E/G ratio of 2.89 and a beta of 1.02. The stock’s fifty day moving average price is $547.89 and its two-hundred day moving average price is $545.08.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on ROP. Royal Bank of Canada boosted their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Truist Financial restated a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Oppenheimer dropped their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $617.00 to $635.00 in a research note on Thursday, July 25th. Finally, Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.