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

Czech National Bank grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,837 shares of the industrial products company’s stock after acquiring an additional 1,439 shares during the period. Czech National Bank’s holdings in Roper Technologies were worth $12,151,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at $290,000. Cetera Advisor Networks LLC raised its position in shares of Roper Technologies by 4.3% during the 4th quarter. Cetera Advisor Networks LLC now owns 8,536 shares of the industrial products company’s stock valued at $4,653,000 after purchasing an additional 348 shares during the period. 1832 Asset Management L.P. raised its position in shares of Roper Technologies by 23.7% during the 4th quarter. 1832 Asset Management L.P. now owns 25,950 shares of the industrial products company’s stock valued at $14,147,000 after purchasing an additional 4,980 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Roper Technologies by 27.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,923 shares of the industrial products company’s stock valued at $8,681,000 after purchasing an additional 3,459 shares during the period. Finally, Exencial Wealth Advisors LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at $217,000. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the business’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 value of $77,047.60. Following the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Price Performance

ROP traded down $4.07 on Friday, reaching $544.86. 316,603 shares of the company’s stock were exchanged, compared to its average volume of 499,451. The stock has a market cap of $58.32 billion, a PE ratio of 39.54, a P/E/G ratio of 2.90 and a beta of 1.02. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The stock’s fifty day moving average price is $546.04 and its 200-day moving average price is $545.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Sell-side analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

ROP has been the subject of several research analyst reports. Jefferies Financial Group raised 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. Oppenheimer dropped their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Royal Bank of Canada increased 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, Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

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.