Roper Technologies, Inc. (NYSE:ROP) Position Decreased by Dark Forest Capital Management LP

Dark Forest Capital Management LP lowered its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 64.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477 shares of the industrial products company's stock after selling 868 shares during the quarter. Dark Forest Capital Management LP's holdings in Roper Technologies were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in Roper Technologies in the fourth quarter valued at about $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies in the 4th quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Roper Technologies by 7,500.0% in 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 buying an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Roper Technologies in the fourth quarter valued at $45,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Robert W. Baird boosted their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Raymond James reissued a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $620.91.

Roper Technologies Stock Performance

NYSE:ROP traded up $8.45 during midday trading on Friday, reaching $566.04. 556,040 shares of the company traded hands, compared to its average volume of 548,329. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a fifty day moving average price of $566.81 and a 200 day moving average price of $554.74. The firm has a market capitalization of $60.86 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate 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 revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.41 earnings per share. On average, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is presently 23.81%.

Roper Technologies 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.