Cramer Rosenthal Mcglynn LLC lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,755 shares of the industrial products company’s stock after selling 10,655 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.10% of Roper Technologies worth $24,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Roper Technologies by 26.8% during the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 106 shares during the period. Independent Portfolio Consultants Inc. lifted its stake in shares of Roper Technologies by 164.7% during the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 313 shares during the period. Sun Life Financial INC lifted its stake in shares of Roper Technologies by 6,690.9% during the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 736 shares during the period. WFG Advisors LP lifted its stake in shares of Roper Technologies by 55.8% during the first quarter. WFG Advisors LP now owns 785 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 281 shares during the period. Finally, Creative Planning lifted its stake in shares of Roper Technologies by 12.7% during the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 91 shares during the period. 94.18% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director Robert D. Johnson sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total value of $469,940.00. Following the transaction, the director now directly owns 10,900 shares of the company’s stock, valued at approximately $2,561,173. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura G. Thatcher sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $235.47, for a total value of $235,470.00. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at $2,590,170. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $2,754,530 over the last three months. 2.50% of the stock is owned by company insiders.

Roper Technologies, Inc. (NYSE ROP) traded up 0.46% during trading on Thursday, reaching $250.46. The company’s stock had a trading volume of 22,364 shares. The firm has a 50 day moving average price of $236.49 and a 200-day moving average price of $227.12. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $251.10. The stock has a market cap of $25.60 billion, a price-to-earnings ratio of 37.50 and a beta of 1.04.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, October 5th. Roper Technologies’s dividend payout ratio is 20.96%.

Several brokerages have recently issued reports on ROP. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a research note on Monday. J P Morgan Chase & Co raised Roper Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $223.00 to $275.00 in a research note on Wednesday, September 20th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $248.00 price target on shares of Roper Technologies in a research note on Wednesday, July 12th. BidaskClub lowered Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a research note on Friday, July 7th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $244.17.

Roper Technologies Profile

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

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