Czech National Bank Purchases 1,439 Shares of Roper Technologies, Inc. (NYSE:ROP)

Czech National Bank boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,837 shares of the industrial products company’s stock after purchasing an additional 1,439 shares during the period. Czech National Bank’s holdings in Roper Technologies were worth $12,151,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Roper Technologies in the first quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in shares of Roper Technologies during the 1st quarter worth approximately $27,000. Fairscale Capital LLC bought a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $28,000. Versant Capital Management Inc raised its holdings in shares of Roper Technologies by 58.8% in the 2nd 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 during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $29,000. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Down 0.7 %

Roper Technologies stock traded down $4.07 during mid-day trading on Friday, hitting $544.86. The company’s stock had a trading volume of 316,603 shares, compared to its average volume of 499,451. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market cap of $58.32 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 2.90 and a beta of 1.02. The business has a 50 day moving average price of $546.04 and a 200-day moving average price of $545.61. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion during 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, analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s payout ratio is currently 21.77%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ROP. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Oppenheimer cut their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research report on Tuesday, August 27th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies 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.