Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 538,678 shares of the industrial products company's stock after purchasing an additional 42,016 shares during the quarter. Nordea Investment Management AB owned 0.50% of Roper Technologies worth $280,113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ROP. Wellington Management Group LLP lifted its stake in shares of Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after acquiring an additional 345,268 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Roper Technologies by 25.8% in the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after acquiring an additional 132,913 shares in the last quarter. State Street Corp lifted its stake in shares of Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock worth $2,632,199,000 after acquiring an additional 132,575 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Roper Technologies by 24.4% in the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock worth $341,448,000 after acquiring an additional 118,971 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of 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 acquiring an additional 116,523 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $7.54 during trading on Monday, hitting $507.10. 968,952 shares of the company traded hands, compared to its average volume of 700,317. Roper Technologies, Inc. has a one year low of $504.76 and a one year high of $580.09. The stock has a market capitalization of $54.38 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.84 and a beta of 1.04. The business's fifty day moving average is $546.65 and its 200-day moving average is $549.31. 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 issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company posted $4.32 EPS. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts predict that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.65%. 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. Roper Technologies's dividend payout ratio is 24.14%.

Analysts Set New Price Targets

ROP has been the topic of several recent analyst reports. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Oppenheimer assumed coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an "outperform" rating and a $630.00 price target on the stock. Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Truist Financial restated a "buy" rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $624.11.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 32,955 shares of the company's stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company's stock.

About Roper Technologies

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.