National Pension Service Buys 4,621 Shares of Roper Technologies, Inc. (NYSE:ROP)

National Pension Service raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 206,858 shares of the industrial products company’s stock after buying an additional 4,621 shares during the quarter. National Pension Service’s holdings in Roper Technologies were worth $112,773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROP. OFI Invest Asset Management purchased a new position in Roper Technologies during the third quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Roper Technologies in the third quarter worth $27,000. Independence Bank of Kentucky bought a new stake in Roper Technologies during the fourth quarter valued at $31,000. Wetzel Investment Advisors Inc. bought a new position in Roper Technologies in the 4th quarter worth about $31,000. Finally, Lee Financial Co purchased a new stake in shares of Roper Technologies in the 3rd quarter valued at about $34,000. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the SEC, which is available through this link. 0.94% of the stock is currently owned by corporate insiders.

Roper Technologies Trading Up 0.2 %

Shares of NYSE:ROP traded up $0.79 during trading on Wednesday, reaching $521.05. 463,160 shares of the company traded hands, compared to its average volume of 522,419. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 52-week low of $441.06 and a 52-week high of $565.00. The firm has a market capitalization of $55.77 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 2.71 and a beta of 1.00. The business’s fifty day moving average is $540.21 and its 200-day moving average is $534.82.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.90 EPS. As a group, analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s payout ratio is presently 21.77%.

Wall Street Analysts Forecast Growth

ROP has been the subject of several recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Barclays increased their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Raymond James lifted their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Mizuho raised their price target on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company upped their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $584.82.

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.