Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by LGT Group Foundation

Key Points

• LGT Group Foundation increased its stake in Roper Technologies by 15.8%, owning 44,681 shares worth approximately $26.34 million after purchasing 6,089 additional shares.
• Roper Technologies announced a quarterly dividend of $0.825 per share, with a dividend yield of 0.6%, scheduled for payment on October 17th.
• Analysts have set a consensus target price of $637.18 for Roper Technologies, with most ratings leaning towards a "Moderate Buy".

LGT Group Foundation boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,681 shares of the industrial products company's stock after buying an additional 6,089 shares during the period. LGT Group Foundation's holdings in Roper Technologies were worth $26,343,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ROP. T. Rowe Price Investment Management Inc. increased its position 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 worth $2,678,009,000 after buying an additional 1,529,716 shares during the period. Nuveen LLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $894,764,000. GAMMA Investing LLC raised its holdings in shares of Roper Technologies by 103,901.5% during 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. Marshall Wace LLP raised its holdings in shares of Roper Technologies by 15,719.2% during the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock valued at $114,719,000 after buying an additional 219,283 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Roper Technologies by 23.3% during the first quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock valued at $638,648,000 after buying an additional 205,019 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 1.3%

Roper Technologies stock opened at $527.48 on Tuesday. The firm's 50 day moving average price is $558.32 and its two-hundred day moving average price is $565.42. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 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. The firm has a market cap of $56.76 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the business posted $4.48 earnings per share. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid 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 23.19%.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies 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 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction 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. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Analysts Set New Price Targets

ROP has been the topic of a number of recent analyst reports. William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Robert W. Baird raised 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. raised 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. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One 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 stock. Based on data from MarketBeat.com, Roper Technologies 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.

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