GAMMA Investing LLC Acquires 66 Shares of Roper Technologies, Inc. (NYSE:ROP)

GAMMA Investing LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 18.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 425 shares of the industrial products company’s stock after buying an additional 66 shares during the period. GAMMA Investing LLC’s holdings in Roper Technologies were worth $238,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Independence Bank of Kentucky acquired a new position in Roper Technologies during the 4th quarter valued at $31,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $31,000. VisionPoint Advisory Group LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $32,000. Grayhawk Investment Strategies Inc. acquired a new stake in Roper Technologies during the fourth quarter worth about $38,000. Finally, Venturi Wealth Management LLC increased its stake in Roper Technologies by 887.5% during the fourth quarter. Venturi Wealth Management LLC now owns 79 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 71 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ROP. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Royal Bank of Canada reduced their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Mizuho boosted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Barclays increased their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.82.

Roper Technologies Trading Down 0.2 %

ROP stock opened at $559.22 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The stock has a market capitalization of $59.86 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 2.94 and a beta of 1.01. The business has a fifty day moving average price of $536.25 and a 200 day moving average price of $541.56. Roper Technologies, Inc. has a fifty-two week low of $453.17 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the business posted $3.90 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Analysts expect that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be paid a $0.75 dividend. The ex-dividend date is Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Insiders Place Their Bets

In related news, Director Christopher Wright sold 300 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.87% of the company’s stock.

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.