Gulf International Bank UK Ltd Sells 2,147 Shares of Roper Technologies, Inc. (NYSE:ROP)

Gulf International Bank UK Ltd lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,199 shares of the industrial products company’s stock after selling 2,147 shares during the period. Gulf International Bank UK Ltd’s holdings in Roper Technologies were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company’s stock worth $6,318,678,000 after buying an additional 142,150 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 1,529,716 shares during the last quarter. Nuveen LLC bought a new position in shares of Roper Technologies in the first quarter worth approximately $894,764,000. Mackenzie Financial Corp raised its holdings in shares of Roper Technologies by 1.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company’s stock valued at $605,653,000 after acquiring an additional 19,377 shares in the last quarter. Finally, 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 acquiring an additional 1,113,824 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, the vice president 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 ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Roper Technologies Trading Up 0.6%

Shares of Roper Technologies stock opened at $522.53 on Thursday. The company has a market capitalization of $56.23 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.77 and a beta of 0.99. 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 company has a fifty day moving average of $556.44 and a 200 day moving average of $564.81. 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 issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.48 earnings per share. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is 23.19%.

Analysts Set New Price Targets

ROP has been the topic of several research reports. Raymond James Financial restated a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.