Erste Asset Management GmbH Invests $2.77 Million in Roper Technologies, Inc. (NYSE:ROP)

Erste Asset Management GmbH acquired a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the industrial products company's stock, valued at approximately $2,769,000.

Several other large investors have also added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in shares of Roper Technologies by 9.2% during the third quarter. Wasatch Advisors LP now owns 7,258 shares of the industrial products company's stock valued at $4,039,000 after buying an additional 613 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company's stock worth $238,125,000 after purchasing an additional 116,523 shares in the last quarter. Eventide Asset Management LLC lifted its position in Roper Technologies by 3.9% during the third quarter. Eventide Asset Management LLC now owns 260,445 shares of the industrial products company's stock valued at $144,922,000 after buying an additional 9,887 shares during the period. Financial Counselors Inc. grew its position in shares of Roper Technologies by 27.3% in the 3rd quarter. Financial Counselors Inc. now owns 503 shares of the industrial products company's stock worth $280,000 after buying an additional 108 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of Roper Technologies by 1.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 61,709 shares of the industrial products company's stock worth $34,337,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

NYSE:ROP traded down $1.77 on Tuesday, reaching $566.86. 508,962 shares of the company's stock traded hands, compared to its average volume of 493,401. The firm has a market cap of $60.78 billion, a PE ratio of 41.47, a P/E/G ratio of 2.97 and a beta of 1.02. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $553.70 and a 200-day simple moving average of $551.18. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results 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. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the firm earned $4.32 EPS. The firm's revenue was up 11.7% compared to the same quarter last year. Equities research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. 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 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 21.95%.

Analyst Ratings Changes

A number of brokerages have weighed in on ROP. Jefferies Financial Group upped their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. 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 report on Thursday, October 24th. Mizuho increased their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada cut 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 report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $620.80.

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.