BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $60.04 Million Position in Roper Technologies, Inc. (NYSE:ROP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 20.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,905 shares of the industrial products company’s stock after purchasing an additional 18,336 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.10% of Roper Technologies worth $60,042,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its stake in Roper Technologies by 50.0% during the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 20 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Roper Technologies in the first quarter valued at about $321,000. Bessemer Group Inc. boosted its position in shares of Roper Technologies by 17.1% during the first quarter. Bessemer Group Inc. now owns 6,285 shares of the industrial products company’s stock worth $3,526,000 after buying an additional 919 shares during the period. EntryPoint Capital LLC bought a new position in shares of Roper Technologies during the first quarter worth about $81,000. Finally, EP Wealth Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at approximately $276,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ROP shares. Jefferies Financial Group raised their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Oppenheimer reduced 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. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Mizuho boosted 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $553.82 on Friday. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The company has a market cap of $59.39 billion, a PE ratio of 40.51, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The business’s 50 day moving average price is $552.26 and its two-hundred day moving average price is $548.72. 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) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s payout ratio is presently 21.95%.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

Roper Technologies Company 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.