Banque Cantonale Vaudoise Sells 50 Shares of Roper Technologies, Inc. (NYSE:ROP)

Banque Cantonale Vaudoise decreased its holdings in Roper Technologies, Inc. (NYSE:ROPFree Report) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,335 shares of the industrial products company’s stock after selling 50 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Roper Technologies were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Roper Technologies by 22.9% during the second quarter. BlackRock Inc. now owns 9,496,315 shares of the industrial products company’s stock valued at $4,565,828,000 after buying an additional 1,770,965 shares during the period. Moneta Group Investment Advisors LLC lifted its position in Roper Technologies by 68,873.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock valued at $745,065,000 after buying an additional 1,721,828 shares during the period. Osaic Holdings Inc. lifted its position in Roper Technologies by 3,399.5% during the second quarter. Osaic Holdings Inc. now owns 1,456,622 shares of the industrial products company’s stock valued at $20,249,000 after buying an additional 1,414,998 shares during the period. Norges Bank purchased a new position in Roper Technologies during the fourth quarter valued at $497,958,000. Finally, CI Private Wealth LLC purchased a new position in Roper Technologies during the fourth quarter valued at $245,541,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROP shares. Mizuho raised their price target on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Wells Fargo & Company raised their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Oppenheimer restated an “outperform” rating and set a $580.00 price target on shares of Roper Technologies in a report on Thursday, February 1st. Raymond James raised their price target on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada lifted their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $551.50.

View Our Latest Analysis on ROP

Roper Technologies Trading Down 0.1 %

Roper Technologies stock opened at $545.30 on Wednesday. The business has a 50-day simple moving average of $540.60 and a two-hundred day simple moving average of $512.61. The company has a market cap of $58.25 billion, a P/E ratio of 32.67, a P/E/G ratio of 2.87 and a beta of 1.02. Roper Technologies, Inc. has a 52-week low of $416.77 and a 52-week high of $562.69. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROPGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm earned $3.92 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts predict that Roper Technologies, Inc. will post 18.11 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a $0.75 dividend. The ex-dividend date of this dividend was Monday, January 8th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s payout ratio is currently 23.27%.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 250 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $538.25, for a total value of $134,562.50. Following the transaction, the director now directly owns 5,346 shares of the company’s stock, valued at approximately $2,877,484.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.

About Roper Technologies

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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