Czech National Bank Purchases 1,412 Shares of Roper Technologies, Inc. (NYSE:ROP)

Czech National Bank lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,249 shares of the industrial products company’s stock after buying an additional 1,412 shares during the period. Czech National Bank’s holdings in Roper Technologies were worth $12,086,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ROP. Sugarloaf Wealth Management LLC raised its holdings in shares of Roper Technologies by 13.7% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 7,186 shares of the industrial products company’s stock valued at $3,735,000 after purchasing an additional 868 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after buying an additional 17,466 shares in the last quarter. Sterneck Capital Management LLC bought a new position in shares of Roper Technologies in the 4th quarter valued at about $226,000. Nordea Investment Management AB increased its position in shares of Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after acquiring an additional 42,016 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Roper Technologies by 59.8% during the fourth quarter. GAMMA Investing LLC now owns 1,072 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 401 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent analyst reports. Barclays lowered their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Oppenheimer began coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial reiterated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Mizuho upped their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Stock Performance

ROP opened at $508.00 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The business has a fifty day simple moving average of $542.32 and a 200 day simple moving average of $547.05. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09. The company has a market capitalization of $54.47 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04.

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, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.32 earnings per share. Research analysts expect that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given 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 0.65%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

About Roper Technologies

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.