PGGM Investments Purchases 4,345 Shares of Roper Technologies, Inc. (NYSE:ROP)

PGGM Investments lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 101.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,649 shares of the industrial products company’s stock after buying an additional 4,345 shares during the quarter. PGGM Investments’ holdings in Roper Technologies were worth $4,715,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Schwartz Investment Counsel Inc. lifted its holdings in shares of Roper Technologies by 3.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after buying an additional 3,500 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Roper Technologies by 229.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after purchasing an additional 3,660 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Roper Technologies by 42.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after purchasing an additional 4,334 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Roper Technologies by 4.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock worth $166,611,000 after purchasing an additional 11,744 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in Roper Technologies by 5.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock worth $43,262,000 after purchasing an additional 3,959 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of several recent research reports. Oppenheimer boosted their price objective on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Royal Bank of Canada boosted their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Barclays boosted their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research note on Thursday, January 4th. Finally, Wells Fargo & Company upped their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies Trading Down 2.5 %

NYSE ROP opened at $526.78 on Monday. The company has a market cap of $56.38 billion, a PE ratio of 38.23, a PEG ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12 month low of $435.49 and a 12 month high of $565.00. The stock has a 50 day moving average of $545.05 and a 200-day moving average of $533.84.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.90 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s payout ratio is currently 21.77%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by company insiders.

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.