Bp Plc held its position in shares of Roper Technologies, Inc. (NYSE:ROP) during the second quarter, Holdings Channel reports. The institutional investor owned 12,500 shares of the industrial products company’s stock at the end of the second quarter. Bp Plc’s holdings in Roper Technologies were worth $2,895,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Motco boosted its position in shares of Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock valued at $101,000 after buying an additional 387 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position 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 valued at $116,000 after buying an additional 313 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $129,000 after buying an additional 51 shares in the last quarter. Creative Planning boosted its position in shares of 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. Finally, Quadrant Capital Group LLC boosted its position 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 valued at $147,000 after buying an additional 29 shares in the last quarter. 96.93% of the stock is owned by institutional investors.

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 company has a market capitalization of $23.94 billion, a PE ratio of 35.11 and a beta of 1.04. The firm’s 50-day moving average is $234.16 and its 200-day moving average is $217.94.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. The business 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%. Roper Technologies’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 EPS. On average, equities research analysts forecast 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. Shareholders of record on Friday, July 7th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is presently 20.96%.

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

In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of the company’s stock in a transaction 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 in the company, valued at approximately $15,117,984.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.

Roper Technologies Company Profile

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

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