GAM Holding AG Purchases 79 Shares of Roper Technologies, Inc. (NYSE:ROP)

GAM Holding AG lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the third quarter, Holdings Channel.com reports. The firm owned 5,651 shares of the industrial products company’s stock after acquiring an additional 79 shares during the period. GAM Holding AG’s holdings in Roper Technologies were worth $3,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after purchasing an additional 125,387 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Roper Technologies by 4.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Roper Technologies by 3.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock worth $630,749,000 after purchasing an additional 33,544 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock worth $515,467,000 after purchasing an additional 64,565 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Roper Technologies by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock worth $451,901,000 after purchasing an additional 33,780 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the topic of several recent research reports. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer dropped their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Barclays raised their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Truist Financial reaffirmed a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada raised their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Three equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $619.50.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Down 0.8 %

Shares of ROP stock opened at $552.10 on Wednesday. The company has a 50 day moving average of $551.18 and a 200-day moving average of $545.48. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The firm has a market cap of $59.19 billion, a P/E ratio of 40.90, a PEG ratio of 2.92 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s payout ratio is currently 22.22%.

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.