Banque Cantonale Vaudoise Makes New $659,000 Investment in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Banque Cantonale Vaudoise has invested approximately $659,000 in Roper Technologies, acquiring 1,118 shares during the first quarter.
• Roper Technologies reported $4.87 earnings per share for the recent quarter, surpassing analysts' expectations, and experienced a 13.2% increase in revenue year-over-year.
• Research analysts have set a new average price target of $637.18 for Roper Technologies, with several institutions upgrading their ratings on the stock.

Banque Cantonale Vaudoise bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,118 shares of the industrial products company's stock, valued at approximately $659,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Kirtland Hills Capital Management LLC lifted its position in Roper Technologies by 0.7% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 3,355 shares of the industrial products company's stock worth $1,870,000 after acquiring an additional 22 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in Roper Technologies by 23.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,112 shares of the industrial products company's stock worth $1,835,000 after acquiring an additional 591 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Roper Technologies during the 1st quarter worth $229,000. Picton Mahoney Asset Management lifted its position in Roper Technologies by 2.9% during the 1st quarter. Picton Mahoney Asset Management now owns 19,275 shares of the industrial products company's stock worth $11,362,000 after acquiring an additional 547 shares during the last quarter. Finally, First National Advisers LLC lifted its position in Roper Technologies by 3.2% during the 1st quarter. First National Advisers LLC now owns 2,766 shares of the industrial products company's stock worth $1,631,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

NYSE ROP opened at $542.11 on Friday. The stock has a market cap of $58.28 billion, a P/E ratio of 37.80, a PEG ratio of 2.77 and a beta of 1.02. The company's 50-day simple moving average is $562.03 and its 200 day simple moving average is $564.43. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. 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 (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business's revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.48 EPS. As a group, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 23.19%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ROP shares. Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research report on Friday, May 16th. William Blair began coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Finally, Truist Financial upped their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $637.18.

Insider Activity

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the sale, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction dated 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 in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

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.

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