PGGM Investments Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

PGGM Investments raised its stake in Roper Technologies, Inc. (NYSE:ROPFree Report) by 11.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,304 shares of the industrial products company’s stock after purchasing an additional 426 shares during the period. PGGM Investments’ holdings in Roper Technologies were worth $2,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the 3rd quarter worth about $25,000. Compass Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $30,000. Fortis Capital Advisors LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $30,000. FSC Wealth Advisors LLC bought a new stake in shares of Roper Technologies in the 3rd quarter worth about $38,000. Finally, Harbour Investments Inc. increased its position in shares of Roper Technologies by 38.3% in the 1st quarter. Harbour Investments Inc. now owns 83 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ROP. Oppenheimer reaffirmed an “outperform” rating and set a $580.00 price objective on shares of Roper Technologies in a research report on Thursday. Truist Financial reiterated a “buy” rating and set a $575.00 price objective on shares of Roper Technologies in a research note on Friday, October 20th. TheStreet upgraded shares of Roper Technologies from a “c+” rating to a “b-” rating in a research note on Friday, November 10th. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $548.93.

Get Our Latest Report on ROP

Insider Activity

In related news, Director Robert D. Johnson sold 250 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $538.25, for a total transaction of $134,562.50. Following the completion of the sale, the director now directly owns 5,346 shares in the company, valued at $2,877,484.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.94% of the company’s stock.

Roper Technologies Trading Up 0.7 %

Roper Technologies stock opened at $549.62 on Monday. The firm has a 50 day simple moving average of $539.79 and a 200-day simple moving average of $511.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a market capitalization of $58.71 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.91 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $416.77 and a 12-month high of $562.69.

Roper Technologies (NYSE:ROPGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $3.92 earnings per share. As a group, equities research analysts expect that Roper Technologies, Inc. will post 18.01 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a $0.75 dividend. The ex-dividend date was Monday, January 8th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is 23.27%.

Roper Technologies Profile

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

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

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