Wetherby Asset Management Inc. raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,139 shares of the industrial products company’s stock after buying an additional 106 shares during the period. Wetherby Asset Management Inc.’s holdings in Roper Technologies were worth $264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Motco increased its position in 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 last quarter. Independent Portfolio Consultants Inc. increased its position in 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 last quarter. Private Advisor Group LLC acquired a new position in Roper Technologies during the first quarter worth approximately $118,000. Northwestern Mutual Wealth Management Co. increased its position in 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 last quarter. Finally, Creative Planning increased 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 worth $148,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 96.65% of the company’s stock.

Roper Technologies, Inc. (ROP) opened at 233.10 on Thursday. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $238.49. The stock has a market cap of $23.83 billion, a P/E ratio of 34.90 and a beta of 1.04. The company’s 50-day moving average price is $234.15 and its 200-day moving average price is $219.48.

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

The firm 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. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio is presently 20.96%.

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A number of research firms have recently commented on ROP. Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a report on Friday, July 7th. Oppenheimer Holdings, Inc. increased their price objective on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. BidaskClub downgraded Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $225.00 price objective on shares of Roper Technologies in a report on Tuesday, August 1st. 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 an average rating of “Buy” and an average target price 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 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $234.00, for a total value of $234,000.00. Following the transaction, the director now owns 65,104 shares of the company’s stock, valued at $15,234,336. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,800 shares of company stock valued at $1,587,200. 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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