DekaBank Deutsche Girozentrale raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 13.3% during the second quarter, Holdings Channel reports. The institutional investor owned 46,499 shares of the industrial products company’s stock after buying an additional 5,460 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Roper Technologies were worth $10,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock valued at $148,000 after buying an additional 51 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Roper Technologies by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 30,804 shares of the industrial products company’s stock valued at $6,360,000 after buying an additional 670 shares in the last quarter. National Pension Service boosted its position in Roper Technologies by 4.6% in the first quarter. National Pension Service now owns 87,186 shares of the industrial products company’s stock valued at $18,216,000 after buying an additional 3,843 shares in the last quarter. Atria Investments LLC boosted its position 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 in the last quarter. Finally, Telemus Capital LLC boosted its position 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 in the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.

Shares of Roper Technologies, Inc. (NYSE:ROP) opened at 229.54 on Friday. The stock has a market capitalization of $23.46 billion, a P/E ratio of 34.37 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $238.49. The firm’s 50-day moving average price is $233.98 and its 200 day moving average price is $218.33.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating 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 company 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 firm posted $1.56 earnings per share. Roper Technologies’s quarterly revenue was up 23.2% compared to the same quarter last year. Analysts expect that Roper Technologies, Inc. will post $9.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid 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 0.61%. Roper Technologies’s payout ratio is currently 20.96%.

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Several research analysts have recently issued reports on ROP shares. Cowen and Company reaffirmed an “outperform” rating and set a $250.00 price objective (up from $220.00) on shares of Roper Technologies in a research report on Monday, April 17th. Barclays PLC lowered their price objective on Roper Technologies from $223.00 to $221.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $248.00 price objective (up from $245.00) on shares of Roper Technologies in a research report on Monday, May 1st. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price objective for the company in a research report on Monday, May 1st. Finally, Raymond James Financial, Inc. upped their price objective on Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $238.42.

In other news, Director Wilbur J. Prezzano sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total transaction of $471,600.00. Following the completion of the transaction, the director now directly owns 22,000 shares in the company, valued at $5,187,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher Wright sold 1,800 shares of the business’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 transaction, the director now owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,800 shares of company stock valued at $1,353,200. 2.50% of the stock is currently owned by insiders.

Roper Technologies Company Profile

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

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