National Pension Service Purchases 16,063 Shares of Roper Technologies, Inc. (NYSE:ROP)

National Pension Service increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 264,011 shares of the industrial products company’s stock after acquiring an additional 16,063 shares during the period. National Pension Service owned approximately 0.25% of Roper Technologies worth $155,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWA Asset Management Group LLC grew its stake in Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company’s stock worth $453,000 after buying an additional 61 shares in the last quarter. Freedom Day Solutions LLC bought a new position in shares of Roper Technologies in the 1st quarter worth about $1,808,000. Tandem Investment Advisors Inc. increased its stake in shares of Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company’s stock worth $57,914,000 after acquiring an additional 32,694 shares in the last quarter. GAMMA Investing LLC grew its position in Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 819 shares during the last quarter. Finally, Legacy Advisors LLC purchased a new stake in Roper Technologies during the 1st quarter valued at about $264,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ROP. Raymond James Financial reaffirmed a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Finally, Oppenheimer reiterated an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $637.18.

Roper Technologies Stock Up 0.6%

NYSE ROP opened at $522.53 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $556.44 and a two-hundred day moving average of $564.81. The firm has a market capitalization of $56.23 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

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

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies’s payout ratio is currently 23.19%.

Insiders Place Their Bets

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