Laurion Capital Management LP Purchases New Position in Roper Technologies, Inc. (NYSE:ROP)

Laurion Capital Management LP purchased a new stake in Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 417 shares of the industrial products company’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently made changes to their positions in ROP. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies in the 4th quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies in the 4th quarter worth about $36,000. OFI Invest Asset Management purchased a new stake in Roper Technologies in the 4th quarter worth about $38,000. Parvin Asset Management LLC purchased a new stake in Roper Technologies in the 4th quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ROP shares. Robert W. Baird increased their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an “outperform” rating on the stock. Stifel Nicolaus reduced their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Finally, Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $620.91.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 approximately $18,540,925.18. This trade 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 accessible through this link. Insiders own 0.78% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $570.48 on Monday. The firm has a market cap of $61.34 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The firm’s 50 day simple moving average is $565.97 and its 200-day simple moving average is $555.44. 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.

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

Roper Technologies Announces Dividend

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

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.