Zacks Investment Management grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,349 shares of the industrial products company’s stock after acquiring an additional 85 shares during the period. Zacks Investment Management’s holdings in Roper Technologies were worth $775,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ROP. Voya Investment Management LLC raised its position in shares of Roper Technologies by 0.3% in the 2nd quarter. Voya Investment Management LLC now owns 368,769 shares of the industrial products company’s stock worth $85,381,000 after acquiring an additional 1,115 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of Roper Technologies by 6.0% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 33,132 shares of the industrial products company’s stock valued at $7,671,000 after purchasing an additional 1,873 shares during the period. Veritable L.P. lifted its stake in shares of Roper Technologies by 2.6% in the 2nd quarter. Veritable L.P. now owns 2,673 shares of the industrial products company’s stock valued at $619,000 after purchasing an additional 69 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Roper Technologies by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 299,367 shares of the industrial products company’s stock valued at $69,310,000 after purchasing an additional 1,529 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Roper Technologies by 91.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 308,762 shares of the industrial products company’s stock valued at $71,488,000 after purchasing an additional 147,465 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Several brokerages recently weighed in on ROP. J P Morgan Chase & Co raised Roper Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus reissued a “buy” rating and set a $242.00 price objective on shares of Roper Technologies in a research report on Friday, July 7th. Royal Bank Of Canada reissued a “buy” rating and set a $248.00 price objective on shares of Roper Technologies in a research report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. boosted their target price on shares of Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Roper Technologies has a consensus rating of “Buy” and a consensus target price of $244.17.

Shares of Roper Technologies, Inc. (NYSE ROP) opened at 249.86 on Wednesday. The stock has a 50 day moving average price of $236.02 and a 200-day moving average price of $226.95. The stock has a market capitalization of $25.54 billion, a PE ratio of 37.41 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $249.94.

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

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 20.96%.

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In other news, Director Christopher Wright sold 1,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was 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 directly owns 65,104 shares of the company’s stock, valued at approximately $15,234,336. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Wilbur J. Prezzano sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total value of $471,600.00. Following the completion of the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at $5,187,600. The disclosure for this sale can be found here. Insiders have sold a total of 11,500 shares of company stock worth $2,754,530 in the last ninety days. Insiders own 2.50% of the company’s stock.

About Roper Technologies

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

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