HighTower Advisors LLC reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,233 shares of the industrial products company’s stock after selling 610 shares during the quarter. HighTower Advisors LLC’s holdings in Roper Technologies were worth $6,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ROP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in 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 purchasing an additional 23 shares during the period. Bellwether Investment Group LLC grew its holdings in 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 valued at $491,000 after purchasing an additional 26 shares during the last quarter. Cleararc Capital Inc. grew its holdings in Roper Technologies by 1.4% during the first quarter. Cleararc Capital Inc. now owns 2,497 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 35 shares during the last quarter. Lakeview Capital Partners LLC grew its holdings in 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 valued at $251,000 after purchasing an additional 40 shares during the last quarter. Finally, Pitcairn Co. raised its position in shares of Roper Technologies by 0.3% in the second quarter. Pitcairn Co. now owns 13,754 shares of the industrial products company’s stock valued at $3,184,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

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In other Roper Technologies news, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the transaction, the director now directly owns 22,000 shares in the company, valued at $5,187,600. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $234,000.00. Following the completion of the transaction, the director now owns 65,104 shares in the company, valued at $15,234,336. The disclosure for this sale can be found here. Insiders have sold a total of 11,500 shares of company stock valued at $2,754,530 in the last ninety days. Insiders own 2.50% of the company’s stock.

Shares of Roper Technologies, Inc. (ROP) traded up 0.50% during mid-day trading on Monday, reaching $244.61. 12,874 shares of the company’s stock were exchanged. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $247.54. The stock has a market cap of $25.00 billion, a price-to-earnings ratio of 36.62 and a beta of 1.04. The stock’s 50-day moving average is $233.00 and its 200-day moving average is $224.52.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.58%. The ex-dividend date is Thursday, October 5th. Roper Technologies’s dividend payout ratio is 20.96%.

A number of research firms have recently commented on ROP. J P Morgan Chase & Co upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. raised their target price on shares of Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Canaccord Genuity reiterated a “hold” rating and issued a $225.00 target price on shares of Roper Technologies in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a 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 currently has a consensus rating of “Buy” and a consensus target price of $243.08.

Roper Technologies Company Profile

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

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