Inverness Counsel LLC NY Reduces Stake in Roper Technologies, Inc. (ROP)

Roper Technologies Inc Com now has $23.98 billion valuation. (NYSE:ROP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Following the sale, the director now directly owns 66,104 shares of the company's stock, valued at $15,117,984.80.

Hedge funds and other institutional investors own 96.73% of the company's stock.

Virtus Investment Advisers Inc increased Roper Technologies Inc (ROP) stake by 37.33% reported in 2016Q4 SEC filing. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company's stock worth $2,168,593,000 after buying an additional 479,056 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of Roper Technologies by 164.7% in the second quarter. Peddock Capital Advisors LLC now owns 5,189 shares of the industrial products company's stock valued at $1,202,000 after buying an additional 83 shares during the period. Quadrant Capital Group LLC raised its position in Roper Technologies by 4.1% in the first quarter. Motco now owns 487 shares of the industrial products company's stock valued at $101,000 after buying an additional 387 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Roper Technologies by 4.1% in the first quarter. The firm acquired 186,009 shares of the industrial products company's stock, valued at approximately $43,067,000.

Want to see what other hedge funds are holding ROP? (NYSE:ROP) traded down 0.62% on Wednesday, hitting $234.51. About shares traded. Goldman Sachs Group Inc (NYSE:GS) has risen 39.23% since August 7, 2016 and is uptrending. Roper Technologies, Inc. The company's 50-day moving average is $233.38 and its 200-day moving average is $216.23. The firm has a market cap of $24.06 billion, a PE ratio of 36.40 and a beta of 1.05. More interesting news about Roper Technologies Inc (NYSE:ROP) were released by: Nasdaq.com and their article: "Roper Technologies (ROP) Q2 Earnings: What's in the Cards?" published on July 27, 2017 as well as Prnewswire.com's news article titled: "Machinery Stocks on Investors' Radar - ITT Inc., Milacron, Roper Technologies ..." with publication date: July 18, 2017. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business's quarterly revenue was up 23.2% on a year-over-year basis. The dividend was $0.350 per share for the quarter or $1.40 annualized. Equities analysts predict that Roper Technologies will post $9.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a dividend of $0.35 per share.

Since February 21, 2017, it had 0 insider purchases, and 3 selling transactions for $1.15 million activity. Roper Technologies's payout ratio is now 20.96%.

Ritchie Bros. Auctioneers (RBA) Given Daily News Sentiment Rating of
Auctioneers from C$37.50 to C$33.50 and set a "market perform" rating on the stock in a research report on Monday, May 8th. The business had revenue of $166.20 million for the quarter, compared to analyst estimates of $161.85 million.


Ratings analysis reveals 75% of Roper Industries Inc.'s analysts are positive.

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On October 19 analysts at Argus Research began coverage of the stock giving it an initial rating of "Hold". The stock of Roper Technologies Inc (NYSE:ROP) has "Buy" rating given on Wednesday, July 5 by Raymond James. The stock of Roper Technologies Inc (NYSE:ROP) earned "Buy" rating by Stifel Nicolaus on Wednesday, November 25. Zacks Investment Research downgraded Roper Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 17th. Moreover, Clear Harbor Asset Ltd Liability Corp has 11.14% invested in Roper Technologies Inc (NYSE:ROP) for 288,962 shares. Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $248.00 price target on shares of Roper Technologies in a research note on Wednesday, July 12th.

On February 2 Barclays left the stock rating at "Overweight" and moved down the price target from $192.00 to $182.00. The stock's average target of $228.25 is -3.42% below today's ($236.33) share price.

In other news, Director Christopher Wright sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, June 9th.

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