Gulf International Bank UK Ltd Boosts Position in Roper Technologies, Inc. (NYSE:ROP)

Gulf International Bank UK Ltd grew its position in Roper Technologies, Inc. (NYSE:ROP) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,194 shares of the industrial products company’s stock after buying an additional 91 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Roper Technologies were worth $5,156,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Roper Technologies Stock Up 0.4 %

Shares of ROP stock opened at $561.49 on Friday. Roper Technologies, Inc. has a 1 year low of $453.96 and a 1 year high of $565.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The business’s fifty day moving average is $536.77 and its 200-day moving average is $541.78. The stock has a market cap of $60.10 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.90 earnings per share. Equities analysts expect that Roper Technologies, Inc. will post 18.15 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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 paid a $0.75 dividend. The ex-dividend date is Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. Roper Technologies’s payout ratio is 21.77%.

Insider Buying and Selling at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was 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 in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

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.