Kelly Lawrence W & Associates Inc. CA boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,193 shares of the industrial products company’s stock after buying an additional 1,010 shares during the period. Roper Technologies accounts for 3.0% of Kelly Lawrence W & Associates Inc. CA’s holdings, making the stock its 10th largest position. Kelly Lawrence W & Associates Inc. CA owned 0.06% of Roper Technologies worth $15,094,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Oakbrook Investments LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $903,000. DnB Asset Management AS boosted its stake in Roper Technologies by 17.6% in the first quarter. DnB Asset Management AS now owns 14,711 shares of the industrial products company’s stock valued at $3,038,000 after buying an additional 2,200 shares during the last quarter. Palisade Capital Management LLC NJ boosted its stake in Roper Technologies by 146.2% in the first quarter. Palisade Capital Management LLC NJ now owns 8,112 shares of the industrial products company’s stock valued at $1,675,000 after buying an additional 4,817 shares during the last quarter. Telemus Capital LLC boosted its stake in Roper Technologies by 2.6% in the first quarter. Telemus Capital LLC now owns 8,830 shares of the industrial products company’s stock valued at $1,823,000 after buying an additional 223 shares during the last quarter. Finally, Atria Investments LLC boosted its stake in Roper Technologies by 12.1% in the first quarter. Atria Investments LLC now owns 3,129 shares of the industrial products company’s stock valued at $646,000 after buying an additional 337 shares during the last quarter. Institutional investors and hedge funds own 96.93% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE ROP) opened at 235.98 on Wednesday. The stock’s 50 day moving average is $233.97 and its 200 day moving average is $216.65. The firm has a market cap of $24.09 billion, a PE ratio of 35.33 and a beta of 1.04. Roper Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $238.49.

Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.02. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 earnings per share. Analysts forecast that Roper Technologies, Inc. will post $9.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were paid a $0.35 dividend. This represents a $1.40 annualized dividend 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 currently 20.96%.

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Several research firms have weighed in on ROP. BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. raised their price objective on shares of Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and issued a $225.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $248.00 price objective (up previously from $245.00) on shares of Roper Technologies in a research report on Monday, May 1st. Finally, Barclays PLC raised their price objective on shares of Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a research report on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $238.42.

In other news, Director Christopher Wright sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the completion of the transaction, the director now owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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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