Great West Life Assurance Co. Can Buys 5,845 Shares of Roper Technologies, Inc. (NYSE:ROP)

Great West Life Assurance Co. Can increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,524 shares of the industrial products company’s stock after buying an additional 5,845 shares during the quarter. Great West Life Assurance Co. Can owned 0.09% of Roper Technologies worth $47,140,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Achmea Investment Management B.V. boosted its stake in shares of Roper Technologies by 106.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 297 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 153 shares in the last quarter. EA Series Trust bought a new position in Roper Technologies during the 2nd quarter valued at about $420,000. Perigon Wealth Management LLC boosted its position in Roper Technologies by 2.4% in the second quarter. Perigon Wealth Management LLC now owns 1,147 shares of the industrial products company’s stock valued at $551,000 after buying an additional 27 shares in the last quarter. Barrett & Company Inc. bought a new stake in Roper Technologies during the first quarter worth about $33,000. Finally, Ethic Inc. increased its holdings in shares of Roper Technologies by 10.9% during the first quarter. Ethic Inc. now owns 1,456 shares of the industrial products company’s stock worth $642,000 after buying an additional 143 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock opened at $524.72 on Tuesday. The stock has a market cap of $56.05 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.00 and a beta of 1.02. The stock has a 50-day moving average of $497.10 and a 200-day moving average of $482.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.53 and a quick ratio of 0.49. Roper Technologies, Inc. has a one year low of $416.77 and a one year high of $529.99.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.21 by $0.11. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. Roper Technologies had a net margin of 48.77% and a return on equity of 10.54%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.67 earnings per share. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 16.66 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.68. The ex-dividend date is Monday, January 8th. Roper Technologies’s payout ratio is presently 9.99%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 1,100 shares of Roper Technologies stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $498.56, for a total value of $548,416.00. Following the transaction, the director now owns 36,727 shares of the company’s stock, valued at $18,310,613.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Jason Conley sold 2,857 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $502.05, for a total transaction of $1,434,356.85. Following the completion of the transaction, the chief financial officer now directly owns 38,358 shares in the company, valued at $19,257,633.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher Wright sold 1,100 shares of Roper Technologies stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $498.56, for a total value of $548,416.00. Following the completion of the sale, the director now directly owns 36,727 shares in the company, valued at approximately $18,310,613.12. The disclosure for this sale can be found here. Insiders sold 4,436 shares of company stock worth $2,217,545 over the last ninety days. 0.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ROP. Royal Bank of Canada decreased their price target on Roper Technologies from $587.00 to $570.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. Truist Financial restated a “buy” rating and set a $575.00 target price on shares of Roper Technologies in a report on Friday, October 20th. StockNews.com initiated coverage on Roper Technologies in a report on Thursday, October 5th. They issued a “hold” rating for the company. TD Cowen increased their price objective on shares of Roper Technologies from $525.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. Finally, TheStreet raised shares of Roper Technologies from a “c+” rating to a “b-” rating in a research note on Friday, November 10th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $529.20.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.