ASR Vermogensbeheer N.V. Acquires Shares of 2,088 Roper Technologies, Inc. (NYSE:ROP)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake worth approximately $1.23 million in Roper Technologies, adding 2,088 shares to its holdings in the company.
• Roper Technologies has seen significant interest from institutional investors, with 93.31% of its stock owned by them, including notable increases in holdings by Vanguard Group and T. Rowe Price.
• The company recently declared a quarterly dividend of $0.825, with an annualized yield of 0.6%, underscoring its consistent financial performance and shareholder return strategy.

ASR Vermogensbeheer N.V. purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,088 shares of the industrial products company's stock, valued at approximately $1,231,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $203,000. Federated Hermes Inc. boosted its holdings in Roper Technologies by 15.9% in the fourth quarter. Federated Hermes Inc. now owns 5,421 shares of the industrial products company's stock valued at $2,818,000 after purchasing an additional 742 shares during the last quarter. FMR LLC boosted its holdings in Roper Technologies by 8.3% in the fourth quarter. FMR LLC now owns 391,120 shares of the industrial products company's stock valued at $203,324,000 after purchasing an additional 29,880 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Roper Technologies during the 4th quarter worth about $14,296,000. Finally, DRW Securities LLC boosted its stake in shares of Roper Technologies by 23.1% during the 4th quarter. DRW Securities LLC now owns 758 shares of the industrial products company's stock worth $394,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROP. Royal Bank Of Canada raised their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Robert W. Baird raised their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $637.18.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Roper Technologies Trading Down 0.4%

Roper Technologies stock traded down $2.33 during trading on Friday, hitting $534.38. The company had a trading volume of 358,734 shares, compared to its average volume of 613,320. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company's 50 day simple moving average is $559.10 and its 200-day simple moving average is $565.45. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the previous year, the firm posted $4.48 earnings per share. Roper Technologies's quarterly revenue was up 13.2% on a year-over-year basis. As a group, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

Roper Technologies Company 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.