Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,431 shares of the industrial products company’s stock after purchasing an additional 122 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Roper Technologies were worth $1,370,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ROP. Jones Financial Companies Lllp boosted its stake in shares of Roper Technologies by 9.9% during the fourth quarter. Jones Financial Companies Lllp now owns 334 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 30 shares during the period. CWA Asset Management Group LLC bought a new stake in Roper Technologies in the 4th quarter worth $360,000. Belpointe Asset Management LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at about $290,000. Stephens Investment Management Group LLC raised its stake in shares of Roper Technologies by 1.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 17,231 shares of the industrial products company’s stock valued at $9,394,000 after acquiring an additional 172 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Roper Technologies by 149.7% during the fourth quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after purchasing an additional 220,006 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

ROP stock opened at $548.27 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a market capitalization of $58.77 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.90 and a beta of 1.02. The firm has a 50 day moving average price of $545.56 and a 200-day moving average price of $545.56. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. Equities research analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

ROP has been the topic of a number of research analyst reports. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Barclays raised their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group lifted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $616.00.

Insiders Place Their Bets

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

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.