Crestline Management LP Has $338,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

Crestline Management LP lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 64.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 651 shares of the industrial products company's stock after selling 1,200 shares during the quarter. Crestline Management LP's holdings in Roper Technologies were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust purchased a new position in Roper Technologies during the 4th quarter worth $36,000. Parvin Asset Management LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $39,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after acquiring an additional 75 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Roper Technologies in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 93.31% of the company's stock.

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 transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.78% of the company's stock.

Roper Technologies Stock Up 1.5%

ROP stock traded up $8.46 during trading on Thursday, reaching $574.40. The stock had a trading volume of 515,618 shares, compared to its average volume of 552,102. The company has a market capitalization of $61.76 billion, a P/E ratio of 40.06, a PEG ratio of 2.77 and a beta of 1.08. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $564.93 and a 200 day moving average price of $555.90. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $4.41 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given 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 dividend payout ratio (DPR) is presently 23.81%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ROP. Robert W. Baird increased their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a 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 company a "neutral" rating in a research note on Tuesday, April 29th. William Blair initiated coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Raymond James reiterated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $620.91.

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.