Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Roper Technologies by 29.1% during the 1st quarter, owning 57,198 shares valued at approximately $33.7 million.
• Roper Technologies announced a quarterly dividend of $0.825 per share, representing an annualized yield of 0.6%, with the payment date set for October 17th.
• Analysts have given Roper Technologies a consensus rating of "Moderate Buy" with a target price averaging around $637.18, amid various upgrades and downgrades from different financial institutions.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 29.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,198 shares of the industrial products company's stock after purchasing an additional 12,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned about 0.05% of Roper Technologies worth $33,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in Roper Technologies in the 1st quarter valued at $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies in the 4th quarter valued at $31,000. Olde Wealth Management LLC acquired a new position in Roper Technologies in the 1st quarter valued at $31,000. Wayfinding Financial LLC acquired a new position in Roper Technologies in the 1st quarter valued at $31,000. Finally, Alpine Bank Wealth Management acquired a new position in Roper Technologies in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Raymond James Financial reissued a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. boosted 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $637.18.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of the 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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred 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 sale, the director directly 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 disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Price Performance

NYSE ROP traded up $4.68 during trading hours on Friday, reaching $529.64. The company's stock had a trading volume of 697,542 shares, compared to its average volume of 619,619. The stock has a market cap 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 fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company's 50-day moving average is $554.68 and its two-hundred day moving average is $564.71. 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 released its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) 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 company posted $4.48 EPS. Roper Technologies's quarterly revenue was up 13.2% compared to the same quarter last year. Analysts forecast 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 will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is presently 23.19%.

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.