KBC Group NV Acquires 2,239 Shares of Roper Technologies, Inc. (NYSE:ROP)

KBC Group NV grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,559 shares of the industrial products company's stock after purchasing an additional 2,239 shares during the period. KBC Group NV owned approximately 0.06% of Roper Technologies worth $37,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ROP. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies in the first quarter valued at $25,000. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies during the second quarter worth about $28,000. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies during the third quarter worth about $28,000. Versant Capital Management Inc lifted its position in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in Roper Technologies in the second quarter valued at about $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

ROP stock traded down $16.54 during trading hours on Friday, reaching $548.23. The stock had a trading volume of 581,283 shares, compared to its average volume of 496,269. The stock has a 50-day simple moving average of $552.38 and a 200 day simple moving average of $547.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The stock has a market capitalization of $58.79 billion, a PE ratio of 41.00, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $4.32 EPS. Analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal 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 $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's payout ratio is currently 21.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Oppenheimer dropped their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Baird R W upgraded shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Truist Financial reiterated a "buy" rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $620.80.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.87% of the company's stock.

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.