3,096 Shares in Roper Technologies, Inc. $ROP Acquired by North Dakota State Investment Board

Key Points

• North Dakota’s State Investment Board initiated a Roper Technologies position by buying 3,096 shares valued at approximately $1.08 million. Institutional investors collectively own 93.31% of the company.
• Roper reported quarterly EPS of $5.89, exceeding estimates of $5.79, while revenue rose 7.7% year over year to $2.17 billion. The company also maintains a quarterly dividend of $0.91 per share, or a 0.8% annualized yield.
• Analysts remain mixed, resulting in a consensus “Hold” rating and an average price target of $469.41; Truist raised its target to $500 and kept a “Buy” rating, while several insiders recently sold shares.

North Dakota State Investment Board purchased a new position in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,096 shares of the industrial products company's stock, valued at approximately $1,082,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vaquero Private Wealth Ltd. bought a new position in Roper Technologies in the 3rd quarter worth $81,000. Sigma Investment Counselors Inc. grew its holdings in Roper Technologies by 55.2% during the third quarter. Sigma Investment Counselors Inc. now owns 1,668 shares of the industrial products company's stock valued at $583,000 after purchasing an additional 593 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Roper Technologies in the third quarter worth about $1,431,000. Asset Management One Co. Ltd. increased its position in Roper Technologies by 1.9% in the third quarter. Asset Management One Co. Ltd. now owns 50,405 shares of the industrial products company's stock worth $17,612,000 after buying an additional 962 shares in the last quarter. Finally, Abundance Wealth Counselors raised its stake in shares of Roper Technologies by 7.8% in the third quarter. Abundance Wealth Counselors now owns 4,016 shares of the industrial products company's stock worth $1,403,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $466.60 on Friday. The stock's 50-day simple moving average is $392.34 and its 200-day simple moving average is $365.55. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $470.01. The company has a market capitalization of $46.15 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.23 and a beta of 0.75. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.43.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.10. The firm had revenue of $2.17 billion during the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.14 EPS. As a group, analysts expect that Roper Technologies, Inc. will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Roper Technologies's dividend payout ratio (DPR) is 14.36%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ROP shares. Mizuho set a $355.00 price objective on Roper Technologies in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Roper Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, October 20th. Royal Bank Of Canada raised their target price on shares of Roper Technologies from $417.00 to $450.00 and gave the stock a "sector perform" rating in a research note on Friday, October 23rd. Raymond James Financial downgraded shares of Roper Technologies from a "strong-buy" rating to a "market perform" rating in a report on Wednesday, July 22nd. Finally, Truist Financial upped their price target on shares of Roper Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $469.41.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, EVP John Stipancich sold 3,500 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the completion of the transaction, the executive vice president owned 35,434 shares of the company's stock, valued at $15,911,283.36. This represents a 8.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jason Conley sold 12,000 shares of the firm's stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $435.53, for a total value of $5,226,360.00. Following the transaction, the executive vice president owned 28,457 shares of the company's stock, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by insiders.

Roper Technologies Company Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company's software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.