Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by E Fund Management Co. Ltd.

Key Points

• E Fund Management Co. Ltd. increased its stake in Roper Technologies by 57.5%, acquiring an additional 2,042 shares, bringing its total ownership to 5,593 shares worth approximately $3.30 million.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, with an annualized dividend yield of 0.6%, set to be paid on October 17th.
• Analysts are optimistic about Roper Technologies, with a consensus target price of $637.18 and the company receiving both buy and outperform ratings from various research firms.

E Fund Management Co. Ltd. grew its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 57.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,593 shares of the industrial products company's stock after acquiring an additional 2,042 shares during the period. E Fund Management Co. Ltd.'s holdings in Roper Technologies were worth $3,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ROP. Vanguard Group Inc. grew its stake in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock worth $6,318,678,000 after purchasing an additional 142,150 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after buying an additional 1,529,716 shares during the last quarter. Nuveen LLC purchased a new position in Roper Technologies in the first quarter valued at $894,764,000. Mackenzie Financial Corp increased its holdings in 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 buying an additional 19,377 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in 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 buying an additional 1,113,824 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE ROP traded up $4.68 during midday trading on Friday, reaching $529.64. 697,542 shares of the company were exchanged, compared to its average volume of 619,619. 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, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The stock has a fifty day simple moving average of $554.68 and a 200 day simple moving average of $564.56. The stock has a market cap of $57.00 billion, a P/E ratio of 36.93, a PEG ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly 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%. During the same quarter last year, the company earned $4.48 EPS. The business's quarterly revenue was up 13.2% on a year-over-year basis. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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 issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROP. JPMorgan Chase & Co. increased their target price on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Stifel Nicolaus dropped their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $637.18.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,500 shares of the firm'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 completion of the sale, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was 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.

Roper Technologies Company 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.