Victory Capital Management Inc. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 494,024 shares of the industrial products company’s stock after acquiring an additional 15,157 shares during the quarter. Victory Capital Management Inc. owned approximately 0.48% of Roper Technologies worth $120,245,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Independent Portfolio Consultants Inc. lifted its stake 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 valued at $116,000 after acquiring an additional 313 shares during the last quarter. Parallel Advisors LLC lifted its stake in Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 106 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 152 shares during the last quarter. Sun Life Financial INC lifted its stake in Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 736 shares during the last quarter. Finally, Creative Planning lifted its stake in Roper Technologies by 12.7% in the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Thursday, October 5th. Roper Technologies’s dividend payout ratio is presently 20.32%.

ROP has been the subject of a number of recent analyst reports. Raymond James Financial, Inc. increased their price target on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Cowen and Company reiterated a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target for the company in a research note on Monday, October 2nd. 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 research report on Friday, July 7th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $249.15.

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In other news, Director Christopher Wright sold 1,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $234.00, for a total transaction of $234,000.00. Following the sale, the director now directly owns 65,104 shares in the company, valued at $15,234,336. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert D. Johnson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $234.97, for a total value of $469,940.00. Following the sale, the director now owns 10,900 shares in the company, valued at $2,561,173. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,500 shares of company stock worth $3,792,570. Company insiders own 2.50% of the company’s stock.

About Roper Technologies

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

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