Rhumbline Advisers raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,682 shares of the industrial products company’s stock after buying an additional 12,055 shares during the period. Rhumbline Advisers’ holdings in Roper Technologies were worth $48,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its position in Roper Technologies by 13.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 46,499 shares of the industrial products company’s stock valued at $10,787,000 after buying an additional 5,460 shares during the last quarter. First Capital Advisors Group LLC. acquired a new position in Roper Technologies during the second quarter valued at about $496,000. Arizona State Retirement System boosted its position in Roper Technologies by 0.4% in the second quarter. Arizona State Retirement System now owns 25,300 shares of the industrial products company’s stock valued at $5,858,000 after buying an additional 100 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Roper Technologies by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 324,930 shares of the industrial products company’s stock valued at $75,232,000 after buying an additional 13,871 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Roper Technologies by 10.3% in the second quarter. Wetherby Asset Management Inc. now owns 1,139 shares of the industrial products company’s stock valued at $264,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.

Roper Technologies, Inc. (NYSE:ROP) opened at 229.54 on Friday. The stock has a market cap of $23.46 billion, a PE ratio of 34.37 and a beta of 1.04. The stock has a 50 day moving average price of $233.98 and a 200-day moving average price of $218.33. Roper Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $238.49.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $1.56 EPS. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, analysts expect that Roper Technologies, Inc. will post $9.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were paid a $0.35 dividend. 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 dividend payout ratio is presently 20.96%.

TRADEMARK VIOLATION NOTICE: “Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Rhumbline Advisers” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/roper-technologies-inc-nyserop-shares-bought-by-rhumbline-advisers/1478305.html.

Several research analysts have issued reports on the company. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. increased their price objective on Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Canaccord Genuity reiterated a “hold” rating and issued a $225.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 1st. BidaskClub cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 price objective on shares of Roper Technologies in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Roper Technologies currently has an average rating of “Buy” and an average price target of $238.42.

In other news, Director Christopher Wright sold 1,800 shares of the business’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 sale, the director now owns 66,104 shares of the company’s stock, valued at approximately $15,117,984.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wilbur J. Prezzano sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total value of $471,600.00. Following the completion of the sale, the director now directly owns 22,000 shares in the company, valued at approximately $5,187,600. The disclosure for this sale can be found here. Insiders sold a total of 5,800 shares of company stock worth $1,353,200 in the last three months. Company insiders own 2.50% of the company’s stock.

Roper Technologies Company Profile

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP).

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

Receive News & Ratings for Roper Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.