K.J. Harrison & Partners Inc increased its position in shares of Roper Technologies Inc (NYSE:ROP) by 18.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,300 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Roper Technologies were worth $2,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. acquired a new position in Roper Technologies in the first quarter valued at about $27,000. Coastal Investment Advisors Inc. acquired a new position in Roper Technologies in the second quarter valued at about $30,000. Shamrock Asset Management LLC acquired a new position in Roper Technologies in the first quarter valued at about $34,000. Advisory Alpha LLC acquired a new position in Roper Technologies in the first quarter valued at about $35,000. Finally, Lenox Wealth Management Inc. lifted its stake in Roper Technologies by 369.6% in the first quarter. Lenox Wealth Management Inc. now owns 108 shares of the industrial products company’s stock valued at $37,000 after buying an additional 85 shares during the period. 93.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of Roper Technologies stock traded up $5.71 during trading hours on Monday, hitting $363.12. The company’s stock had a trading volume of 7,308 shares, compared to its average volume of 538,923. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $385.51. The stock has a 50 day moving average of $367.53 and a 200 day moving average of $346.69. The company has a market capitalization of $36.35 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.97.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company earned $2.89 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Roper Technologies Inc will post 13 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Monday, July 8th were issued a $0.4625 dividend. The ex-dividend date was Friday, July 5th. This represents a $1.85 annualized dividend and a dividend yield of 0.51%. Roper Technologies’s dividend payout ratio (DPR) is currently 15.66%.

ROP has been the subject of several recent analyst reports. Wells Fargo & Co increased their price target on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Raymond James increased their price target on Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Stephens increased their price target on Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Oppenheimer increased their price target on Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Finally, Argus increased their price target on Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $374.10.

In related news, Director Robert D. Johnson sold 750 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $344.76, for a total transaction of $258,570.00. Following the completion of the transaction, the director now directly owns 7,700 shares in the company, valued at $2,654,652. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $363.44, for a total value of $726,880.00. Following the transaction, the director now owns 12,918 shares of the company’s stock, valued at $4,694,917.92. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

Further Reading: Operating Income

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

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