BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $12 Million Stake in Roper Technologies, Inc. (ROP)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 51,826 shares of the industrial products company’s stock after selling 1,625 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Roper Technologies were worth $11,999,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Motco raised its position in shares of 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. raised its position 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 in the last quarter. Private Advisor Group LLC bought a new position in shares of Roper Technologies during the first quarter valued at about $118,000. Northwestern Mutual Wealth Management Co. raised its position 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 in the last quarter. Finally, Creative Planning raised its position 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 in the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.

Shares of Roper Technologies, Inc. (NYSE ROP) opened at 233.10 on Thursday. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $238.49. The firm has a market capitalization of $23.83 billion, a P/E ratio of 34.90 and a beta of 1.04. The stock has a 50 day moving average price of $234.15 and a 200 day moving average price of $219.48.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.02. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. Roper Technologies’s revenue was up 23.2% on a year-over-year basis. Analysts forecast that Roper Technologies, Inc. will post $9.27 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s payout ratio is currently 20.96%.

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Several research firms have recently weighed in on ROP. Raymond James Financial, Inc. lifted their price objective on Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $248.00 price objective on shares of Roper Technologies in a research report on Wednesday, July 12th. 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. Zacks Investment Research raised 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, BidaskClub lowered Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $238.42.

In related news, Director Robert D. Johnson sold 2,000 shares of the 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 completion of the transaction, the director now directly owns 10,900 shares of the company’s stock, valued at $2,561,173. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher Wright sold 1,000 shares of the 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 completion of the transaction, the director now directly owns 65,104 shares of the company’s stock, valued at $15,234,336. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,800 shares of company stock valued at $1,587,200. 2.50% of the stock is owned by insiders.

About Roper Technologies

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)

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