3,096 Shares in Roper Technologies, Inc. $ROP Acquired by North Dakota State Investment Board

North Dakota State Investment Board bought a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,096 shares of the industrial products company’s stock, valued at approximately $1,082,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Roper Technologies during the second quarter valued at $3,346,912,000. Wellington Management Group LLP purchased a new position in shares of Roper Technologies during the 2nd quarter worth about $890,328,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Roper Technologies by 206.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock worth $474,070,000 after purchasing an additional 903,223 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Roper Technologies by 6.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company’s stock valued at $462,667,000 after purchasing an additional 78,713 shares during the last quarter. Finally, Flossbach Von Storch SE bought a new position in Roper Technologies during the 2nd quarter valued at about $448,321,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Roper Technologies stock opened at $466.60 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The stock has a market cap of $46.15 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.75. The firm has a 50-day moving average of $392.34 and a two-hundred day moving average of $365.55. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $470.01.

Roper Technologies (NASDAQ:ROP) last issued its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. The business had revenue of $2.17 billion for the quarter. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $5.14 earnings per share. On average, research analysts forecast that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, October 2nd. Roper Technologies’s dividend payout ratio (DPR) is presently 14.36%.

Analysts Set New Price Targets

Several brokerages have issued reports on ROP. Truist Financial raised their price objective on shares of Roper Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a $462.00 price target (up from $393.00) on shares of Roper Technologies in a report on Friday, October 23rd. Argus raised Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Thursday, August 6th. Jefferies Financial Group raised their price target on Roper Technologies from $500.00 to $540.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Finally, Citigroup increased their target price on Roper Technologies from $450.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $469.41.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, EVP Jason Conley sold 12,000 shares of Roper Technologies stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the completion of the sale, the executive vice president directly owned 28,457 shares of the company’s stock, valued at $12,393,877.21. The trade was a 29.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Stipancich sold 3,500 shares of Roper Technologies stock in a transaction on Monday, October 26th. The shares were sold at an average price of $449.04, for a total value of $1,571,640.00. Following the sale, the executive vice president directly owned 35,434 shares of the company’s stock, valued at approximately $15,911,283.36. This trade represents a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.80% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.