Roper Technologies, Inc. (NYSE:ROP) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 59.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,072 shares of the industrial products company’s stock after acquiring an additional 401 shares during the period. GAMMA Investing LLC’s holdings in Roper Technologies were worth $557,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in Roper Technologies in the 2nd quarter valued at $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies during the third quarter valued at about $28,000. Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies in the second quarter valued at about $31,000. Global Wealth Strategies & Associates acquired a new position in shares of Roper Technologies during the 3rd quarter worth about $37,000. Finally, Kimelman & Baird LLC bought a new stake in Roper Technologies during the 2nd quarter valued at approximately $42,000. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ROP shares. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays reissued an “underweight” rating and set a $569.00 target price (down from $625.00) on shares of Roper Technologies in a research report on Thursday, December 5th. Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target for the company. Finally, Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $624.11.

Roper Technologies Stock Up 0.2 %

Shares of NYSE ROP opened at $514.64 on Monday. The business has a fifty day moving average of $546.65 and a two-hundred day moving average of $549.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $580.09. The stock has a market cap of $55.18 billion, a PE ratio of 37.65, a PEG ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.32 earnings per share. As a group, equities research analysts expect that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.64%. Roper Technologies’s payout ratio is presently 24.14%.

About Roper Technologies

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.