30,459 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,459 shares of the industrial products company's stock, valued at approximately $15,834,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $914,052,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after purchasing an additional 360,632 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Roper Technologies during the 4th quarter worth $148,070,000. Finally, Proficio Capital Partners LLC increased its stake in shares of 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 purchasing an additional 279,795 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ROP. Stifel Nicolaus cut their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday. Truist Financial restated a "buy" rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price objective on Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $620.91.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Down 0.1 %

Shares of ROP traded down $0.33 on Thursday, hitting $559.75. The company's stock had a trading volume of 232,243 shares, compared to its average volume of 550,431. 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 firm's fifty day moving average price is $567.62 and its 200-day moving average price is $554.69. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $60.18 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping 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%. During the same quarter in the prior year, the company posted $4.41 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. On average, equities research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's payout ratio is presently 23.81%.

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.