LS Investment Advisors LLC Decreases Stake in Roper Technologies, Inc. (NYSE:ROP)

LS Investment Advisors LLC lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,008 shares of the industrial products company’s stock after selling 81 shares during the period. LS Investment Advisors LLC’s holdings in Roper Technologies were worth $1,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 valued at $101,000 after buying an additional 387 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake 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 during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 during the last quarter. Creative Planning boosted its stake 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 during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake 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 during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies, Inc. (NYSE ROP) traded down 0.07% during mid-day trading on Wednesday, hitting $233.79. 21,634 shares of the company were exchanged. The company has a market capitalization of $23.85 billion, a P/E ratio of 36.08 and a beta of 1.05. Roper Technologies, Inc. has a 12-month low of $159.28 and a 12-month high of $238.49. The company’s 50-day moving average is $231.85 and its 200 day moving average is $212.96.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 28th. The industrial products company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.12. Roper Technologies had a net margin of 16.74% and a return on equity of 12.81%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $1.81 earnings per share. Roper Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts expect that Roper Technologies, Inc. will post $9.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Wednesday, July 5th. Roper Technologies’s dividend payout ratio is presently 21.60%.

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Several analysts have commented on ROP shares. J P Morgan Chase & Co cut shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 target price for the company. in a research report on Friday, March 24th. Royal Bank Of Canada restated a “buy” rating and issued a $245.00 price objective on shares of Roper Technologies in a research report on Tuesday, April 11th. Raymond James Financial, Inc. upped their price objective on shares of Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of 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, Cowen and Company restated an “outperform” rating and issued a $250.00 price objective (up previously from $220.00) on shares of Roper Technologies in a research report on Monday, April 17th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and a consensus price target of $232.09.

In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of Roper Technologies stock in a transaction 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 completion of the sale, the director now directly owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

Roper Technologies Company Profile

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

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