Nordea Investment Management AB Acquires 42,016 Shares of Roper Technologies, Inc. (NYSE:ROP)

Nordea Investment Management AB raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

A number of other large investors have also recently made changes to their positions in ROP. Fairscale Capital LLC bought a new stake in Roper Technologies during the 2nd quarter valued at about $28,000. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies in the third quarter valued at approximately $28,000. Valley Wealth Managers Inc. bought a new position in Roper Technologies in the second quarter worth approximately $31,000. Global Wealth Strategies & Associates purchased a new position in Roper Technologies during the 3rd quarter worth $37,000. Finally, Kimelman & Baird LLC bought a new stake in Roper Technologies during the 2nd quarter valued at $42,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ROP. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays reiterated an “underweight” rating and set a $569.00 target price (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report 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 company an “outperform” rating in a report on Thursday, October 24th. Finally, Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $624.11.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s 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 of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $514.64 on Monday. The firm’s 50-day moving average price is $546.65 and its 200-day moving average price is $549.31. The company has a market cap of $55.18 billion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04. 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, Inc. has a 52-week low of $508.22 and a 52-week high of $580.09.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm posted $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 18.26 EPS for the current fiscal 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 paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.64%. This is a boost 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 (DPR) is presently 24.14%.

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.