Vontobel Holding Ltd. Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Vontobel Holding Ltd. grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 115,507 shares of the industrial products company’s stock after buying an additional 1,889 shares during the quarter. Vontobel Holding Ltd.’s holdings in Roper Technologies were worth $64,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. New Covenant Trust Company N.A. purchased a new stake in Roper Technologies during the first quarter valued at about $25,000. Rise Advisors LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $27,000. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies during the 2nd quarter worth about $28,000. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 1st quarter worth approximately $29,000. Finally, Versant Capital Management Inc raised its holdings in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.4 %

Shares of NYSE:ROP traded up $2.06 during midday trading on Wednesday, reaching $558.24. The company had a trading volume of 97,192 shares, compared to its average volume of 496,340. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market capitalization of $59.76 billion, a P/E ratio of 40.36, a PEG ratio of 2.83 and a beta of 1.02. The stock’s fifty day moving average price is $547.56 and its 200-day moving average price is $545.01.

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

Roper Technologies Dividend Announcement

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

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.