Gotham Asset Management LLC Boosts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Gotham Asset Management LLC increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,434 shares of the industrial products company’s stock after buying an additional 1,947 shares during the period. Gotham Asset Management LLC’s holdings in Roper Technologies were worth $13,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in ROP. Norges Bank purchased a new position in Roper Technologies during the fourth quarter valued at $914,052,000. T. Rowe Price Investment Management Inc. lifted its stake in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock valued at $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after buying an additional 360,632 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Roper Technologies in the 4th quarter worth about $148,070,000. Finally, Proficio Capital Partners LLC increased its stake in Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock worth $145,697,000 after buying an additional 279,795 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROP shares. Oppenheimer restated an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. William Blair started coverage on Roper Technologies in a report on Monday, May 5th. They issued an “outperform” rating on the stock. Royal Bank of Canada upped their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $620.91.

Roper Technologies Trading Down 0.8 %

ROP opened at $570.48 on Friday. The stock has a market capitalization of $61.34 billion, a PE ratio of 39.78, a P/E/G ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business’s 50 day moving average price is $565.97 and its 200 day moving average price is $555.35.

Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.41 EPS. As a group, equities research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.81%.

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.