Ativo Capital Management LLC Sells 1,160 Shares of Roper Technologies, Inc. (ROP)

Ativo Capital Management LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 15.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,470 shares of the industrial products company’s stock after selling 1,160 shares during the period. Ativo Capital Management LLC’s holdings in Roper Technologies were worth $1,498,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. lifted its position in shares of Roper Technologies by 0.4% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,419 shares of the industrial products company’s stock worth $293,000 after acquiring an additional 5 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Roper Technologies by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock worth $1,755,000 after acquiring an additional 23 shares in the last quarter. Bellwether Investment Group LLC lifted its position in shares of Roper Technologies by 1.2% during the second quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock worth $491,000 after acquiring an additional 26 shares in the last quarter. Cleararc Capital Inc. lifted its position in shares of Roper Technologies by 1.4% during the first quarter. Cleararc Capital Inc. now owns 2,497 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 35 shares in the last quarter. Finally, Lakeview Capital Partners LLC lifted its position in shares of Roper Technologies by 3.4% during the first quarter. Lakeview Capital Partners LLC now owns 1,214 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

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In related news, Director Christopher Wright sold 1,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $234.00, for a total value of $234,000.00. Following the completion of the transaction, the director now owns 65,104 shares of the company’s stock, valued at approximately $15,234,336. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert D. Johnson sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the completion of the transaction, the director now directly owns 10,900 shares of the company’s stock, valued at approximately $2,561,173. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock valued at $1,529,530 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Shares of Roper Technologies, Inc. (NYSE:ROP) traded up 2.65% during midday trading on Wednesday, hitting $244.93. The company had a trading volume of 193,051 shares. The firm has a market capitalization of $25.04 billion, a P/E ratio of 36.67 and a beta of 1.05. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $247.18. The stock has a 50 day moving average price of $233.00 and a 200 day moving average price of $224.52.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. Roper Technologies’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 EPS. On average, equities analysts anticipate that Roper Technologies, Inc. will post $9.28 EPS for the current fiscal year.

Several equities research analysts have issued reports on the company. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and set a $219.00 target price on the stock in a research report on Wednesday. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. increased their target price on Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and set a $225.00 target price on shares of Roper Technologies in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Roper Technologies has a consensus rating of “Buy” and an average price target of $238.42.

About Roper Technologies

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

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