Skandinaviska Enskilda Banken AB publ Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Skandinaviska Enskilda Banken AB has increased its holdings in Roper Technologies, Inc. by 26.4%, now owning 121,296 shares valued at approximately $71.5 million.
• Several other institutional investors have also recently purchased stakes in Roper Technologies, indicating a strong interest with institutional ownership at over 93%.
• Analysts have generally positive views on Roper Technologies, with eight buy ratings and an average price target of $637.18, reflecting a consensus rating of "Moderate Buy."

Skandinaviska Enskilda Banken AB publ raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 26.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 121,296 shares of the industrial products company's stock after buying an additional 25,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.11% of Roper Technologies worth $71,508,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ROP. Truist Financial boosted their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus decreased their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. William Blair began coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has an average 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 stock in a transaction that occurred 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 completion of the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the sale, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This trade represents a 3.71% 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 Trading Up 0.6%

NYSE ROP opened at $560.36 on Friday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a 50-day moving average of $564.44 and a 200-day moving average of $562.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market cap of $60.25 billion, a P/E ratio of 39.08, a P/E/G ratio of 2.77 and a beta of 1.02.

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, beating 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 quarter in the prior year, the company posted $4.48 earnings per share. The business's quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders 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 0.59%. The ex-dividend date was Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 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.

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