BLI Banque de Luxembourg Investments Buys New Position in Roper Technologies, Inc. (NYSE:ROP)

BLI Banque de Luxembourg Investments purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 108,608 shares of the industrial products company's stock, valued at approximately $56,100,000. Roper Technologies comprises approximately 1.5% of BLI Banque de Luxembourg Investments' holdings, making the stock its 18th biggest position. BLI Banque de Luxembourg Investments owned 0.10% of Roper Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Vanguard Group Inc. grew its position in Roper Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Roper Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after acquiring an additional 29,184 shares during the period. Norges Bank purchased a new stake in Roper Technologies in the 4th quarter worth approximately $914,052,000. Finally, Invesco Ltd. raised its stake in Roper Technologies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after acquiring an additional 31,531 shares during the period. Institutional investors own 93.31% of the company's stock.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial reaffirmed a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James restated a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Robert W. Baird raised their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Royal Bank of Canada boosted their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their price target on Roper Technologies from $465.00 to $470.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.91.

Roper Technologies Stock Up 0.8 %

Shares of ROP stock traded up $4.59 on Wednesday, hitting $574.29. The stock had a trading volume of 395,996 shares, compared to its average volume of 548,803. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The business has a 50 day moving average price of $566.67 and a 200 day moving average price of $554.88. The company has a market cap of $61.75 billion, a PE ratio of 40.05, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.41 earnings per share. Research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's payout ratio is 23.81%.

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.