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

National Pension Service lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,858 shares of the industrial products company’s stock after purchasing an additional 4,621 shares during the quarter. National Pension Service owned 0.19% of Roper Technologies worth $112,773,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp raised its holdings in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares during the period. iA Global Asset Management Inc. bought a new stake in Roper Technologies in the 3rd quarter valued at $82,379,000. Envestnet Asset Management Inc. boosted its stake in Roper Technologies by 81.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock worth $154,103,000 after purchasing an additional 143,122 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in Roper Technologies by 512.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,407 shares of the industrial products company’s stock worth $69,933,000 after purchasing an additional 120,836 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Roper Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after purchasing an additional 100,621 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

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

Roper Technologies Stock Performance

Shares of ROP traded up $0.79 during mid-day trading on Wednesday, reaching $521.05. The company’s stock had a trading volume of 463,160 shares, 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. The stock has a market cap of $55.77 billion, a P/E ratio of 37.81, a PEG ratio of 2.71 and a beta of 1.00. Roper Technologies, Inc. has a 1-year low of $441.06 and a 1-year high of $565.00. The business has a 50-day simple moving average of $540.21 and a two-hundred day simple moving average of $534.82.

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

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ROP. Oppenheimer reiterated 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 target price 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. Mizuho lifted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Wells Fargo & Company increased their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada lowered their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.