KLP Kapitalforvaltning AS Buys 1,260 Shares of Roper Technologies, Inc. (NYSE:ROP)

KLP Kapitalforvaltning AS boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,180 shares of the industrial products company's stock after buying an additional 1,260 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Roper Technologies were worth $21,921,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROP. Meridian Financial Partners LLC raised its stake in Roper Technologies by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after acquiring an additional 19 shares during the period. My Legacy Advisors LLC increased its holdings in shares of Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised its position in shares of Roper Technologies by 2.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 20 shares during the period. Tritonpoint Wealth LLC lifted its stake in shares of Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after buying an additional 20 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its holdings in shares of Roper Technologies by 2.2% during the 1st quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock worth $557,000 after buying an additional 20 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of NYSE ROP traded up $2.67 during mid-day trading on Friday, reaching $563.03. The company had a trading volume of 278,458 shares, compared to its average volume of 618,377. The firm has a market cap of $60.53 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 2.77 and a beta of 1.02. The business's 50-day simple moving average is $564.04 and its 200 day simple moving average is $563.24. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. 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 (NYSE:ROP - Get Free Report) last announced its quarterly earnings data 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%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.48 earnings per share. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's dividend payout ratio is currently 23.19%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were 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 $11,408,687.50. The trade was a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John K. Stipancich sold 1,500 shares of the firm's 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 transaction, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on ROP shares. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday. Royal Bank Of Canada increased their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday. 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. Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. Finally, Robert W. Baird lifted their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $637.18.

About Roper Technologies

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.