Roper Technologies, Inc. (NYSE:ROP) Position Boosted by National Pension Service

Key Points

• The National Pension Service increased its stake in Roper Technologies by 6.5%, acquiring an additional 16,063 shares for a total of 264,011 shares valued at approximately $155.7 million.
• Several institutional investors have also significantly increased their holdings in Roper Technologies, with a total of 93.31% of the company's stock owned by hedge funds and other institutional investors.
• Analysts have issued mixed ratings for Roper Technologies, with a consensus average rating of "Moderate Buy" and a target price of about $637.18.

National Pension Service boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,011 shares of the industrial products company's stock after purchasing an additional 16,063 shares during the quarter. National Pension Service owned approximately 0.25% of Roper Technologies worth $155,656,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Roper Technologies in the fourth quarter valued at $203,000. Townsquare Capital LLC lifted its stake in Roper Technologies by 15.6% in the fourth quarter. Townsquare Capital LLC now owns 2,374 shares of the industrial products company's stock valued at $1,234,000 after buying an additional 321 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in Roper Technologies in the fourth quarter valued at $272,000. Savvy Advisors Inc. lifted its stake in Roper Technologies by 23.2% in the fourth quarter. Savvy Advisors Inc. now owns 510 shares of the industrial products company's stock valued at $265,000 after buying an additional 96 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its stake in Roper Technologies by 6.0% in the fourth quarter. Cohen & Steers Inc. now owns 423 shares of the industrial products company's stock valued at $220,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Price Performance

NYSE:ROP traded up $4.68 during mid-day trading on Friday, reaching $529.64. 697,542 shares of the stock were exchanged, compared to its average volume of 619,619. The business has a fifty day moving average price of $554.68 and a 200 day moving average price of $564.71. The firm has a market capitalization of $57.00 billion, a PE ratio of 36.93, a PEG ratio of 2.77 and a beta of 0.99. 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.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.48 EPS. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ROP shares. William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Robert W. Baird lifted their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price objective 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. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Oppenheimer restated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.