Ieq Capital LLC Acquires 614 Shares of Roper Technologies, Inc. (NYSE:ROP)

Ieq Capital LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,268 shares of the industrial products company’s stock after acquiring an additional 614 shares during the quarter. Ieq Capital LLC’s holdings in Roper Technologies were worth $5,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC raised its holdings in Roper Technologies by 5.7% in the second quarter. Intech Investment Management LLC now owns 12,053 shares of the industrial products company’s stock worth $6,794,000 after purchasing an additional 655 shares in the last quarter. Capco Asset Management LLC grew its holdings in shares of Roper Technologies by 1.6% during the second quarter. Capco Asset Management LLC now owns 25,043 shares of the industrial products company’s stock valued at $14,116,000 after buying an additional 391 shares during the last quarter. Seven Eight Capital LP boosted its stake in Roper Technologies by 193.9% during the 2nd quarter. Seven Eight Capital LP now owns 1,684 shares of the industrial products company’s stock valued at $949,000 after purchasing an additional 1,111 shares during the last quarter. Gardner Lewis Asset Management L P lifted its stake in Roper Technologies by 27.7% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 5,779 shares of the industrial products company’s stock valued at $3,257,000 after acquiring an additional 1,254 shares during the period. Finally, CCLA Investment Management boosted its holdings in Roper Technologies by 7.3% in the second quarter. CCLA Investment Management now owns 274,690 shares of the industrial products company’s stock worth $154,261,000 after purchasing an additional 18,664 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lifted their price target on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Finally, Barclays increased their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies Trading Down 0.5 %

Shares of ROP opened at $558.04 on Friday. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The stock has a market cap of $59.74 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The firm’s fifty day moving average is $547.91 and its two-hundred day moving average is $545.30. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Research analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s payout ratio is 21.77%.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.