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

Key Points

• Harvest Fund Management Co. Ltd increased its stake in Roper Technologies by 7.5%, owning 6,783 shares valued at approximately $3,998,000.
• Analysts have set a consensus price target of $637.18 for Roper Technologies, with ratings ranging from "sell" to "strong buy."
• Roper Technologies reported a quarterly earnings EPS of $4.87, exceeding estimates, and recently announced a dividend of $0.825 per share with a yield of 0.59%.

Harvest Fund Management Co. Ltd raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,783 shares of the industrial products company's stock after buying an additional 472 shares during the period. Harvest Fund Management Co. Ltd's holdings in Roper Technologies were worth $3,998,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Banque Cantonale Vaudoise purchased a new stake in Roper Technologies during the 1st quarter valued at approximately $659,000. Kirtland Hills Capital Management LLC raised its holdings in shares of Roper Technologies by 0.7% in the first quarter. Kirtland Hills Capital Management LLC now owns 3,355 shares of the industrial products company's stock valued at $1,870,000 after acquiring an additional 22 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in Roper Technologies by 23.4% in the first quarter. Meeder Advisory Services Inc. now owns 3,112 shares of the industrial products company's stock worth $1,835,000 after purchasing an additional 591 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Roper Technologies during the first quarter valued at about $229,000. Finally, Picton Mahoney Asset Management increased its holdings in shares of Roper Technologies by 2.9% during the first quarter. Picton Mahoney Asset Management now owns 19,275 shares of the industrial products company's stock valued at $11,362,000 after acquiring an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded down $10.72 during trading hours on Wednesday, hitting $552.34. 666,565 shares of the company were exchanged, compared to its average volume of 618,005. The business has a 50-day moving average of $562.90 and a 200-day moving average of $563.92. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The stock has a market capitalization of $59.38 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 2.77 and a beta of 1.02. 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 announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share 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%. Roper Technologies's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.48 EPS. As a group, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's payout ratio is currently 23.19%.

Insiders Place Their Bets

In other Roper Technologies 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 completion of the sale, the director owned 20,510 shares in the company, valued at $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 available through this link. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ROP shares. Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada raised 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, July 22nd. Stifel Nicolaus cut their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Truist Financial increased their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Barclays restated an "underweight" rating 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 given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $637.18.

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.