The LS Investment Advisors LLC Raises Stake in Roper Technologies Inc (ROP)

The LS Investment Advisors LLC Raises Stake in Roper Technologies Inc (ROP)

A number of other institutional investors have also recently modified their holdings of ROP. Motco increased its position in shares of Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock worth $101,000 after buying an additional 387 shares during the last quarter. TLP Group LLC purchased a new position in shares of Roper Technologies during the third quarter worth $127,000. NN Investment Partners Holdings N.V. increased its position in Roper Technologies by 16.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 699 shares of the industrial products company’s stock valued at $128,000 after buying an additional 100 shares in the last quarter. Creative Planning increased its position in Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock valued at $148,000 after buying an additional 51 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock valued at $147,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

LS Investment Advisors LLC boosted its position in Roper Technologies Inc (NYSE:ROP) by 153.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,089 shares of the industrial products company’s stock after buying an additional 4,899 shares during the period. LS Investment Advisors LLC’s holdings in Roper Technologies were worth $1,670,000 as of its most recent SEC filing.

Shares of Roper Technologies Inc (NYSE ROP) opened at 231.20 on Monday. The firm’s 50-day moving average is $219.75 and its 200-day moving average is $201.77. The firm has a market cap of $23.59 billion, a P/E ratio of 35.68 and a beta of 0.87. Roper Technologies Inc has a 52-week low of $159.28 and a 52-week high of $232.87.

Several research firms have commented on ROP. Barclays PLC upped their price objective on shares of Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price target on the stock in a research note on Monday, May 1st. Royal Bank of Canada restated an “outperform” rating and issued a $248.00 price target (up from $245.00) on shares of Roper Technologies in a research note on Monday, May 1st. Argus raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $235.00 price objective for the company in a research report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. cut shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 price objective for the company. in a research report on Friday, March 24th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $226.56. In other news, Director Christopher Wright sold 2,500 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $214.26, for a total value of $535,650.00. Following the sale, the director now directly owns 63,904 shares in the company, valued at $13,692,071.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

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