Gulf International Bank UK Ltd Purchases 91 Shares of Roper Technologies, Inc. (NYSE:ROP)

Gulf International Bank UK Ltd boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,194 shares of the industrial products company’s stock after buying an additional 91 shares during the period. Gulf International Bank UK Ltd’s holdings in Roper Technologies were worth $5,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in Roper Technologies in the first quarter valued at approximately $27,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Roper Technologies during the 4th quarter valued at $31,000. Independence Bank of Kentucky bought a new stake in shares of Roper Technologies during the 4th quarter worth $31,000. VisionPoint Advisory Group LLC purchased a new position in Roper Technologies in the fourth quarter worth $32,000. Finally, Grayhawk Investment Strategies Inc. bought a new position in Roper Technologies in the fourth quarter valued at $38,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Roper Technologies stock opened at $561.49 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The firm has a market cap of $60.10 billion, a P/E ratio of 40.75, a P/E/G ratio of 2.93 and a beta of 1.01. Roper Technologies, Inc. has a 1-year low of $453.96 and a 1-year high of $565.00. The firm has a 50-day moving average of $536.77 and a 200-day moving average of $541.78.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $3.90 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Sell-side analysts expect that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ROP. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada cut their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Finally, Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $584.82.

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.