First Capital Advisors Group LLC. purchased a new position in shares of Roper Technologies Inc (NYSE:ROP) during the second quarter, Holdings Channel reports. The fund purchased 2,141 shares of the industrial products company’s stock, valued at approximately $496,000.

Other hedge funds have also recently modified their holdings of the company. Motco boosted its stake in shares of Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock worth $101,000 after buying an additional 387 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in shares of Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after buying an additional 313 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Roper Technologies during the first quarter worth approximately $118,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock worth $129,000 after buying an additional 51 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock worth $147,000 after buying an additional 29 shares during the period. 96.93% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Inc (NYSE:ROP) opened at 229.16 on Friday. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 34.31 and a beta of 1.04. Roper Technologies Inc has a one year low of $167.50 and a one year high of $238.49. The stock’s 50 day moving average is $234.06 and its 200 day moving average is $218.02.

Roper Technologies (NYSE:ROP) last announced its earnings results 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 firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Roper Technologies had a net margin of 15.82% and a return on equity of 11.83%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 EPS. On average, analysts predict that Roper Technologies Inc will post $9.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s payout ratio is 20.96%.

ILLEGAL ACTIVITY WARNING: “2,141 Shares in Roper Technologies Inc (NYSE:ROP) Acquired by First Capital Advisors Group LLC.” was first reported by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/11/2141-shares-in-roper-technologies-inc-nyserop-acquired-by-first-capital-advisors-group-llc.html.

A number of analysts have commented on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $220.00) on shares of Roper Technologies in a research report on Monday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. upped their price target 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. BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $238.42.

In other news, Director Wilbur J. Prezzano sold 2,000 shares of Roper Technologies stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total transaction of $471,600.00. Following the sale, the director now owns 22,000 shares of the company’s stock, valued at approximately $5,187,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Wright sold 1,800 shares of Roper Technologies stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $228.70, for a total transaction of $411,660.00. Following the sale, the director now directly owns 66,104 shares in the company, valued at approximately $15,117,984.80. The disclosure for this sale can be found here. 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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