Czech National Bank Purchases 1,412 Shares of Roper Technologies, Inc. (NYSE:ROP)

Czech National Bank increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,249 shares of the industrial products company's stock after acquiring an additional 1,412 shares during the quarter. Czech National Bank's holdings in Roper Technologies were worth $12,086,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in shares of Roper Technologies in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the 3rd quarter valued at $28,000. Global Wealth Strategies & Associates acquired a new position in shares of Roper Technologies in the 3rd quarter valued at $37,000. Kimelman & Baird LLC bought a new position in shares of Roper Technologies in the 2nd quarter worth $42,000. Finally, Central Pacific Bank Trust Division boosted its position in shares of Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company's stock worth $48,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Activity

In related news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares of the company's stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Roper Technologies Stock Up 0.6 %

Shares of ROP stock traded up $3.27 during trading on Tuesday, reaching $511.27. The company's stock had a trading volume of 315,819 shares, compared to its average volume of 636,662. The company has a market cap of $54.82 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $580.09. The business has a fifty day moving average price of $542.32 and a 200-day moving average price of $547.05. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.32 EPS. Analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio is currently 24.14%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROP. Truist Financial reissued a "buy" rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird lifted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada lowered their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Oppenheimer assumed coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an "outperform" rating and a $630.00 price target for the company. Finally, Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $623.33.

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.