Seaward Management Limited Partnership lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 55,060 shares of the industrial products company’s stock after selling 2,055 shares during the period. Seaward Management Limited Partnership’s holdings in Roper Technologies were worth $12,748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Pioneer Investment Management Inc. boosted its position in shares of Roper Technologies by 27.7% in the second quarter. Pioneer Investment Management Inc. now owns 79,823 shares of the industrial products company’s stock valued at $18,481,000 after buying an additional 17,326 shares during the last quarter. Barrett Asset Management LLC acquired a new position in shares of Roper Technologies during the second quarter valued at about $625,000. Advisor Partners LLC boosted its position in shares of Roper Technologies by 19.8% in the second quarter. Advisor Partners LLC now owns 1,701 shares of the industrial products company’s stock valued at $394,000 after buying an additional 281 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Roper Technologies by 0.5% in the second quarter. TD Asset Management Inc. now owns 176,180 shares of the industrial products company’s stock valued at $40,791,000 after buying an additional 826 shares during the last quarter. Finally, Palisade Capital Management LLC NJ boosted its position in shares of Roper Technologies by 69.4% in the second quarter. Palisade Capital Management LLC NJ now owns 13,740 shares of the industrial products company’s stock valued at $3,181,000 after buying an additional 5,628 shares during the last quarter. Institutional investors own 96.93% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE:ROP) opened at 236.46 on Tuesday. The stock has a 50 day moving average of $233.38 and a 200-day moving average of $216.23. Roper Technologies, Inc. has a 12-month low of $167.50 and a 12-month high of $238.49. The company has a market capitalization of $24.14 billion, a PE ratio of 35.40 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last announced 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. 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 during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts predict that Roper Technologies, Inc. will post $9.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s dividend payout ratio is presently 20.96%.

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Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. increased their target price on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Canaccord Genuity reiterated a “hold” rating and set a $225.00 target price on shares of Roper Technologies in a report on Tuesday, August 1st. BidaskClub cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 target price on shares of Roper Technologies in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and an average target price of $238.42.

In other news, Director Christopher Wright sold 1,800 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the completion of the transaction, the director now directly owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Roper Technologies Company Profile

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

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