Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Czech National Bank

Czech National Bank raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 24,628 shares of the industrial products company's stock after acquiring an additional 1,379 shares during the period. Czech National Bank's holdings in Roper Technologies were worth $14,520,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 0.7% during 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 buying an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position 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. Geode Capital Management LLC boosted its stake in shares of Roper Technologies by 1.2% in the fourth 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 purchasing an additional 29,184 shares during the period. Norges Bank acquired a new stake in Roper Technologies during the 4th quarter valued at $914,052,000. Finally, Invesco Ltd. increased 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 buying an additional 31,531 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROP has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus dropped their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Robert W. Baird increased their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Stock Performance

NYSE ROP traded up $1.56 during trading hours on Thursday, hitting $569.57. The company had a trading volume of 656,695 shares, compared to its average volume of 549,263. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market cap of $61.24 billion, a P/E ratio of 39.72, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $563.31 and a 200-day simple moving average of $557.74.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.41 EPS. Equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 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.