Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Railway Pension Investments Ltd

Railway Pension Investments Ltd lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 54.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,400 shares of the industrial products company’s stock after buying an additional 5,800 shares during the period. Railway Pension Investments Ltd’s holdings in Roper Technologies were worth $9,244,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in Roper Technologies in the first quarter valued at approximately $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at $27,000. OFI Invest Asset Management purchased a new position in Roper Technologies in the first quarter valued at about $29,000. Versant Capital Management Inc lifted its stake in shares of Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $32,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ROP shares. Jefferies Financial Group lifted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Oppenheimer dropped their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Truist Financial restated a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a report on Tuesday. Four investment analysts have rated the stock with 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, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies Stock Up 0.7 %

Shares of NYSE ROP traded up $4.00 during mid-day trading on Tuesday, reaching $550.73. The company had a trading volume of 97,664 shares, compared to its average volume of 511,637. The company has a market capitalization of $58.95 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.88 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a fifty day moving average of $550.31 and a two-hundred day moving average of $544.38. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. As a group, equities research analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date was Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s payout ratio is 21.77%.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the sale, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,940 shares of company stock worth $2,214,019. Insiders own 0.87% of the company’s stock.

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.