Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 284.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,240 shares of the industrial products company’s stock after buying an additional 60,100 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.08% of Roper Technologies worth $45,766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROP. Gilbert & Cook Inc. grew its position in shares of Roper Technologies by 5.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock valued at $998,000 after purchasing an additional 97 shares during the period. Aveo Capital Partners LLC boosted its holdings in Roper Technologies by 9.5% in the 4th quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock worth $258,000 after buying an additional 41 shares during the last quarter. 9258 Wealth Management LLC increased its stake in Roper Technologies by 11.5% during the 4th quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock worth $1,012,000 after buying an additional 192 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at approximately $217,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Roper Technologies by 9.1% during the fourth quarter. Wells Fargo & Company MN now owns 144,839 shares of the industrial products company’s stock valued at $78,961,000 after acquiring an additional 12,069 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Roper Technologies Trading Up 2.0 %

ROP opened at $560.86 on Friday. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The stock has a market capitalization of $60.12 billion, a PE ratio of 40.70, a P/E/G ratio of 2.92 and a beta of 1.02. The business’s 50 day moving average price is $547.92 and its 200 day moving average price is $545.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ROP. Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Barclays increased their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Royal Bank of Canada upped 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. Finally, Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Four equities research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $616.00.

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.