Czech National Bank Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Czech National Bank lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,398 shares of the industrial products company’s stock after buying an additional 1,603 shares during the period. Czech National Bank’s holdings in Roper Technologies were worth $11,498,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new position in shares of Roper Technologies during the first quarter valued at approximately $25,000. Rise Advisors LLC purchased a new stake in Roper Technologies during the first quarter valued at $27,000. OFI Invest Asset Management bought a new position in Roper Technologies in the first quarter valued at about $29,000. Versant Capital Management Inc boosted 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 worth $30,000 after purchasing an additional 20 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $31,000. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders have sold 3,940 shares of company stock valued at $2,214,019 in the last quarter. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of several recent research reports. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Mizuho increased their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $604.33.

Roper Technologies Trading Down 0.5 %

ROP traded down $2.84 during trading on Monday, reaching $523.94. The company had a trading volume of 47,053 shares, compared to its average volume of 521,808. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The business has a 50 day simple moving average of $552.19 and a 200-day simple moving average of $544.94. The stock has a market cap of $56.09 billion, a P/E ratio of 38.23, a PEG ratio of 2.72 and a beta of 1.02. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is 21.77%.

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.