Orion Capital Management LLC Makes New $114,000 Investment in Roper Technologies, Inc. (NYSE:ROP)

Orion Capital Management LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 220 shares of the industrial products company’s stock, valued at approximately $114,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. JPMorgan Chase & Co. raised its stake in Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after buying an additional 45,947 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $371,000. Ameritas Advisory Services LLC raised its position in shares of Roper Technologies by 18.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 714 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 112 shares during the period. Mountain Pacific Investment Advisers LLC raised its holdings in shares of Roper Technologies by 0.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 87,220 shares of the industrial products company’s stock valued at $45,341,000 after acquiring an additional 407 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its stake in Roper Technologies by 2.8% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 64,296 shares of the industrial products company’s stock worth $33,424,000 after acquiring an additional 1,743 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROP. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating on the stock. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Robert W. Baird lifted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $632.36.

Roper Technologies Trading Down 0.4%

Shares of Roper Technologies stock opened at $578.21 on Wednesday. The stock has a market capitalization of $62.17 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $565.82 and a 200 day simple moving average of $556.95.

Roper Technologies (NYSE:ROP) last posted its earnings results 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%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.41 earnings per share. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, April 4th. Roper Technologies’s 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.