Municipal Employees Retirement System of Michigan maintained its stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the second quarter, Holdings Channel reports. The fund owned 3,270 shares of the industrial products company’s stock at the end of the second quarter. Municipal Employees Retirement System of Michigan’s holdings in Roper Technologies were worth $757,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of Roper Technologies by 62.8% in the first quarter. Morgan Stanley now owns 279,450 shares of the industrial products company’s stock worth $57,704,000 after buying an additional 107,785 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Roper Technologies by 0.9% in the first quarter. Prudential Financial Inc. now owns 143,826 shares of the industrial products company’s stock worth $29,698,000 after buying an additional 1,259 shares in the last quarter. Meiji Yasuda Life Insurance Co bought a new stake in shares of Roper Technologies during the first quarter worth approximately $1,156,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Roper Technologies by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,296 shares of the industrial products company’s stock worth $3,365,000 after buying an additional 601 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after buying an additional 479,056 shares in the last quarter. Hedge funds and other institutional investors own 96.65% of the company’s stock.

Roper Technologies, Inc. (NYSE ROP) opened at 233.33 on Wednesday. Roper Technologies, Inc. has a 12-month low of $167.50 and a 12-month high of $238.49. The stock has a 50 day moving average of $234.07 and a 200 day moving average of $219.38. The stock has a market cap of $23.85 billion, a P/E ratio of 34.93 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $1.56 EPS. The business’s revenue was up 23.2% on a year-over-year basis. On average, equities research analysts anticipate that Roper Technologies, Inc. will post $9.27 earnings per share for the current fiscal year.

The firm also recently announced 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 of this dividend was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is 20.96%.

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A number of analysts have recently commented on ROP shares. Raymond James Financial, Inc. lifted their price target on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 price target on shares of Roper Technologies in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a report on Friday, July 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock 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 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 transaction, the director now owns 22,000 shares in the company, valued at approximately $5,187,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher Wright sold 1,800 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were 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 in the company, valued at approximately $15,117,984.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,800 shares of company stock worth $1,353,200 in the last quarter. 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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