Banque Cantonale Vaudoise Purchases Shares of 499 Roper Technologies, Inc. (NYSE:ROP)

Banque Cantonale Vaudoise purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the 2nd quarter, Holdings Channel reports. The fund purchased 499 shares of the industrial products company’s stock, valued at approximately $281,000.

Other hedge funds have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies during the 1st quarter valued at $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies during the 1st quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 1st quarter valued at $29,000. Versant Capital Management Inc lifted its holdings in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in Roper Technologies during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.1 %

Shares of NYSE ROP opened at $554.41 on Tuesday. 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, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The stock has a market capitalization of $59.35 billion, a P/E ratio of 40.23, a PEG ratio of 2.91 and a beta of 1.02. The stock’s fifty day moving average is $549.53 and its 200 day moving average is $544.71.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (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. Sell-side analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Analyst Upgrades and Downgrades

ROP has been the subject of several research reports. Truist Financial reaffirmed a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Barclays lifted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Four 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $616.00.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The disclosure for this sale can be found here. Insiders have sold a total of 3,940 shares of company stock worth $2,214,019 over the last 90 days. Insiders own 0.87% of the company’s stock.

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.