BNP Paribas Financial Markets Purchases 13,176 Shares of Roper Technologies, Inc. (NYSE:ROP)

BNP Paribas Financial Markets increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 245,116 shares of the industrial products company’s stock after acquiring an additional 13,176 shares during the period. BNP Paribas Financial Markets’ holdings in Roper Technologies were worth $136,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group lifted its stake in shares of Roper Technologies by 6.8% during the third quarter. Brooklyn Investment Group now owns 837 shares of the industrial products company’s stock worth $466,000 after buying an additional 53 shares during the period. Quantbot Technologies LP acquired a new stake in Roper Technologies during the 3rd quarter worth about $1,784,000. D.A. Davidson & CO. grew its stake in Roper Technologies by 11.9% during the 3rd quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 158 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Roper Technologies by 2.5% in the third quarter. Bank of Montreal Can now owns 347,365 shares of the industrial products company’s stock worth $192,371,000 after purchasing an additional 8,478 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Roper Technologies by 8.3% in the third quarter. Private Trust Co. NA now owns 352 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $561.89 on Wednesday. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a 50 day moving average price of $552.66 and a 200 day moving average price of $549.94. The stock has a market capitalization of $60.25 billion, a P/E ratio of 31.20, a PEG ratio of 2.91 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the business posted $4.32 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is 21.95%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ROP shares. Robert W. Baird increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada lowered their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $620.80.

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.