Swiss National Bank Buys 800 Shares of Roper Technologies, Inc. (NYSE:ROP)

Swiss National Bank grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 317,700 shares of the industrial products company’s stock after purchasing an additional 800 shares during the period. Swiss National Bank owned approximately 0.30% of Roper Technologies worth $176,781,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $25,000. Fairscale Capital LLC bought a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in shares of Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $31,000. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by insiders.

Roper Technologies Stock Down 2.9 %

Shares of ROP stock opened at $548.23 on Monday. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The stock’s fifty day moving average price is $552.39 and its 200 day moving average price is $548.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market cap of $58.79 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm posted $4.32 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s dividend payout ratio is presently 21.95%.

Analysts Set New Price Targets

ROP has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Jefferies Financial Group raised their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Oppenheimer decreased their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

About Roper Technologies

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.