ING Groep NV Sells 33,130 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• ING Groep NV has reduced its stake in Roper Technologies by 41.4%, selling 33,130 shares and retaining a total of 46,885 shares valued at approximately $27.6 million as of the latest quarter.
• Despite the decrease in ING's holdings, institutional investors continue to show strong interest in Roper Technologies, with T. Rowe Price increasing its investment by 42.2% during the fourth quarter.
• Roper Technologies reported a quarterly earnings per share of $4.87, exceeding expectations, and its annual dividend yield stands at 0.6% following a recent quarterly dividend of $0.825 per share.

ING Groep NV decreased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 41.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,885 shares of the industrial products company's stock after selling 33,130 shares during the period. ING Groep NV's holdings in Roper Technologies were worth $27,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 during the last quarter. Invesco Ltd. boosted its position in Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after purchasing an additional 31,531 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Roper Technologies by 1.7% in the fourth quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company's stock valued at $605,653,000 after purchasing an additional 19,377 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Roper Technologies by 103,901.5% in the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after purchasing an additional 1,113,824 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Roper Technologies by 9.6% during the 4th quarter. Northern Trust Corp now owns 1,111,212 shares of the industrial products company's stock worth $577,664,000 after buying an additional 97,270 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

ROP opened at $542.11 on Monday. 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, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The firm has a market cap of $58.28 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The business's fifty day moving average is $562.03 and its 200-day moving average is $565.07.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping 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 quarter in the previous year, the business earned $4.48 earnings per share. Roper Technologies's revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on ROP shares. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $637.18.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the business's 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 completion of the transaction, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, the vice president 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 disclosure for this sale can be found here. 0.78% of the stock is owned by 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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