Roper Technologies, Inc. (NYSE:ROP) Stake Lifted by Axa S.A.

Axa S.A. boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,515 shares of the industrial products company’s stock after buying an additional 8,903 shares during the period. Axa S.A. owned 0.17% of Roper Technologies worth $94,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the 4th quarter valued at about $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $36,000. Parvin Asset Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $39,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the period. Finally, OFI Invest Asset Management bought a new position in Roper Technologies in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $566.04 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $60.86 billion, a PE ratio of 39.47, a P/E/G ratio of 2.77 and a beta of 1.04. The business has a fifty day simple moving average of $566.81 and a 200-day simple moving average of $554.78. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 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 12.0% on a year-over-year basis. During the same period last year, the business posted $4.41 earnings per share. As a group, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies’s payout ratio is 23.81%.

Analysts Set New Price Targets

ROP has been the subject of a number of analyst reports. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday. Barclays reiterated an “underweight” rating on shares of Roper Technologies in a research report on Monday. Stifel Nicolaus reduced their price target on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Royal Bank of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $620.91.

Roper Technologies 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.