Handelsbanken Fonder AB Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Handelsbanken Fonder AB boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,596 shares of the industrial products company’s stock after acquiring an additional 7,689 shares during the period. Handelsbanken Fonder AB’s holdings in Roper Technologies were worth $18,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Beaumont Financial Advisors LLC lifted its position in Roper Technologies by 2.5% during the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 20 shares during the last quarter. UMB Bank n.a. lifted its position in Roper Technologies by 0.6% during the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after acquiring an additional 21 shares during the last quarter. NorthRock Partners LLC lifted its position in Roper Technologies by 1.7% during the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 21 shares during the last quarter. Jacobi Capital Management LLC lifted its position in Roper Technologies by 0.5% during the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock valued at $2,030,000 after acquiring an additional 21 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in Roper Technologies by 0.7% during the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock valued at $1,582,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.9 %

NYSE:ROP opened at $539.11 on Tuesday. The firm has a market capitalization of $57.70 billion, a P/E ratio of 41.82, a PEG ratio of 2.82 and a beta of 0.99. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00. The company’s fifty day moving average price is $545.57 and its 200-day moving average price is $532.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $3.92 earnings per share. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.56%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s payout ratio is 23.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ROP shares. Royal Bank of Canada upped their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Mizuho upped their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Oppenheimer upped their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.94% 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.