1,464 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,464 shares of the industrial products company's stock, valued at approximately $761,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Roper Technologies during the 4th quarter worth $914,052,000. T. Rowe Price Investment Management Inc. raised its stake in 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 worth $2,678,009,000 after acquiring an additional 1,529,716 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after acquiring an additional 360,632 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Roper Technologies during the 4th quarter worth $148,070,000. Finally, Proficio Capital Partners LLC raised its stake in Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after acquiring an additional 279,795 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.78% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on ROP. Stifel Nicolaus dropped their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Raymond James restated a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Truist Financial restated a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Price Performance

ROP stock traded down $2.26 during trading on Tuesday, reaching $578.21. 460,213 shares of the company were exchanged, compared to its average volume of 548,795. The company has a market cap of $62.17 billion, a P/E ratio of 40.32, a PEG ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock's 50 day moving average price is $565.52 and its 200 day moving average price is $556.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the prior year, the company earned $4.41 EPS. The company's revenue was up 12.0% compared to the same quarter last year. As a group, analysts predict 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. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, April 4th. Roper Technologies's payout ratio is 23.81%.

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.