Credit Agricole S A Purchases 8,263 Shares of Roper Technologies, Inc. $ROP

Credit Agricole S A raised its position in Roper Technologies, Inc. (NYSE:ROP) by 13.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 70,194 shares of the industrial products company’s stock after acquiring an additional 8,263 shares during the period. Credit Agricole S A’s holdings in Roper Technologies were worth $41,385,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Roper Technologies by 33.0% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,342 shares of the industrial products company’s stock valued at $4,318,000 after acquiring an additional 1,822 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Roper Technologies by 136.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,784 shares of the industrial products company’s stock valued at $5,179,000 after acquiring an additional 5,068 shares in the last quarter. Legacy Financial Advisors Inc. bought a new stake in Roper Technologies in the 1st quarter valued at approximately $249,000. Colonial Trust Advisors lifted its stake in Roper Technologies by 28.0% in the 1st quarter. Colonial Trust Advisors now owns 256 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 56 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Roper Technologies by 1.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,933 shares of the industrial products company’s stock valued at $3,498,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.5%

ROP stock opened at $532.28 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a fifty day moving average price of $553.87 and a two-hundred day moving average price of $564.37. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The stock has a market cap of $57.28 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the previous year, the business earned $4.48 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.19%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Barclays reiterated an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reiterated an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Truist Financial upped their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus dropped their price objective on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $637.40.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Roper Technologies 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.