Colony Group LLC lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 18.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,094 shares of the industrial products company’s stock after purchasing an additional 330 shares during the quarter. Colony Group LLC’s holdings in Roper Technologies were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in shares of Roper Technologies by 32.5% during the 2nd quarter. Wells Fargo & Company MN now owns 216,802 shares of the industrial products company’s stock worth $50,197,000 after purchasing an additional 53,202 shares during the period. Morgan Stanley grew its holdings in shares of Roper Technologies by 62.8% during the 1st quarter. Morgan Stanley now owns 279,450 shares of the industrial products company’s stock worth $57,704,000 after purchasing an additional 107,785 shares during the period. Parallel Advisors LLC grew its holdings in shares of Roper Technologies by 26.8% during the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 106 shares during the period. Swiss National Bank grew its holdings in shares of Roper Technologies by 3.5% during the 2nd quarter. Swiss National Bank now owns 371,958 shares of the industrial products company’s stock worth $86,119,000 after purchasing an additional 12,600 shares during the period. Finally, Meiji Yasuda Life Insurance Co grew its holdings in shares of Roper Technologies by 51.8% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 8,500 shares of the industrial products company’s stock worth $1,968,000 after purchasing an additional 2,900 shares during the period. Institutional investors and hedge funds own 94.27% of the company’s stock.

Roper Technologies, Inc. (NYSE:ROP) traded down 0.21% during trading on Monday, reaching $249.58. The company had a trading volume of 20,624 shares. The firm’s 50 day moving average is $240.98 and its 200-day moving average is $229.47. Roper Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $253.16. The company has a market capitalization of $25.51 billion, a P/E ratio of 37.37 and a beta of 1.04.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.35 per share. 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 presently 20.96%.

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A number of equities analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. increased their price target on Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target for the company in a report on Monday, October 2nd. Cowen and Company reiterated a “buy” rating and set a $250.00 price target on shares of Roper Technologies in a report on Thursday. BidaskClub lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Canaccord Genuity reissued a “hold” rating and set a $225.00 target price on shares of Roper Technologies in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $244.17.

In other Roper Technologies 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 transaction of $469,940.00. Following the transaction, the director now owns 10,900 shares in the company, valued at $2,561,173. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total value of $1,225,000.00. Following the transaction, the vice president now owns 14,571 shares in the company, valued at approximately $3,569,895. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,500 shares of company stock worth $2,754,530. 2.50% of the stock is currently owned by insiders.

Roper Technologies Company Profile

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

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