Donaldson Capital Management LLC raised its stake in shares of Roper Technologies Inc (NYSE:ROP) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,564 shares of the industrial products company’s stock after acquiring an additional 137 shares during the period. Donaldson Capital Management LLC’s holdings in Roper Technologies were worth $914,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Phocas Financial Corp. bought a new position in Roper Technologies during the 2nd quarter valued at $2,344,000. Krane Funds Advisors LLC bought a new stake in shares of Roper Technologies during the 2nd quarter worth $25,000. Captrust Financial Advisors raised its stake in shares of Roper Technologies by 227.3% during the 2nd quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 50 shares during the period. Coastal Investment Advisors Inc. bought a new stake in shares of Roper Technologies during the 2nd quarter worth $30,000. Finally, MUFG Americas Holdings Corp raised its stake in shares of Roper Technologies by 83.0% during the 2nd quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

ROP traded down $2.58 during trading hours on Friday, hitting $337.75. The stock had a trading volume of 19,498 shares, compared to its average volume of 556,558. The company’s fifty day simple moving average is $343.59 and its 200 day simple moving average is $356.72. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $385.51. The stock has a market cap of $35.48 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.10. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $3.09 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities analysts expect that Roper Technologies Inc will post 13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Friday, October 4th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 15.66%.

ROP has been the topic of a number of recent analyst reports. Wells Fargo & Co lifted their target price on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 target price on the stock. in a research note on Monday, September 9th. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $291.00 to $298.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada set a $383.00 target price on Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, ValuEngine lowered Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Roper Technologies currently has a consensus rating of “Buy” and an average price target of $373.10.

In other Roper Technologies news, Director Amy Woods Brinkley sold 1,500 shares of Roper Technologies stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $360.54, for a total transaction of $540,810.00. Following the completion of the transaction, the director now owns 15,380 shares of the company’s stock, valued at approximately $5,545,105.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total value of $181,520.00. Following the transaction, the director now directly owns 9,080 shares of the company’s stock, valued at approximately $3,296,403.20. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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

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