TD Asset Management Inc. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 176,180 shares of the industrial products company’s stock after buying an additional 826 shares during the period. TD Asset Management Inc.’s holdings in Roper Technologies were worth $40,791,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROP. Palisade Capital Management LLC NJ boosted its stake in 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 worth $3,181,000 after buying an additional 5,628 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Roper Technologies by 0.5% in the second quarter. Retirement Systems of Alabama now owns 49,471 shares of the industrial products company’s stock worth $11,454,000 after buying an additional 227 shares in the last quarter. Korea Investment CORP boosted its stake in Roper Technologies by 17.8% in the second quarter. Korea Investment CORP now owns 110,042 shares of the industrial products company’s stock worth $25,478,000 after buying an additional 16,653 shares in the last quarter. Welch & Forbes LLC boosted its stake in Roper Technologies by 1.8% in the second quarter. Welch & Forbes LLC now owns 142,350 shares of the industrial products company’s stock worth $32,959,000 after buying an additional 2,546 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Roper Technologies by 20.7% in the second quarter. Sei Investments Co. now owns 53,142 shares of the industrial products company’s stock worth $12,304,000 after buying an additional 9,127 shares in the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE:ROP) opened at 234.51 on Thursday. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $238.49. The stock’s 50 day moving average price is $234.16 and its 200-day moving average price is $217.94. The firm has a market cap of $23.94 billion, a PE ratio of 35.11 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. The company 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 firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post $9.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a $0.35 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s payout ratio is currently 20.96%.

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A number of research firms have weighed in on ROP. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 price target on the stock in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. raised their price target on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and issued a $225.00 price target on shares of Roper Technologies in a research note on Tuesday, August 1st. BidaskClub cut Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $248.00 price target (up from $245.00) on shares of Roper Technologies in a research note on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus target price of $238.42.

In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were 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 directly owns 66,104 shares of the company’s stock, valued at approximately $15,117,984.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

About Roper Technologies

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

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