AlphaCore Capital LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• AlphaCore Capital LLC has made a new investment in Roper Technologies, Inc., acquiring 744 shares valued at approximately $438,000.
• Several institutional investors have significantly increased their stakes in Roper Technologies, with T. Rowe Price boosting its position by 42.2%, and GAMMA Investing increasing its holdings by an astounding 103,901.5%.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, which will be paid on October 17th to stockholders of record as of October 3rd.

AlphaCore Capital LLC acquired a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 744 shares of the industrial products company's stock, valued at approximately $438,000.

Other hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its position in Roper Technologies by 42.2% in the fourth 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 period. GAMMA Investing LLC boosted its holdings in Roper Technologies by 103,901.5% in the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after acquiring an additional 1,113,824 shares during the last quarter. Marshall Wace LLP boosted its holdings in Roper Technologies by 15,719.2% in the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock valued at $114,719,000 after acquiring an additional 219,283 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Roper Technologies by 23.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock valued at $638,648,000 after acquiring an additional 205,019 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in Roper Technologies by 172.6% during the fourth quarter. Voloridge Investment Management LLC now owns 257,075 shares of the industrial products company's stock worth $133,640,000 after buying an additional 162,765 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROP shares. Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. 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 report on Tuesday, April 29th. Royal Bank Of Canada increased their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Oppenheimer restated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Finally, William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $637.18.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Trading Down 0.4%

NYSE ROP opened at $534.38 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market capitalization of $57.51 billion, a PE ratio of 37.26, a P/E/G ratio of 2.77 and a beta of 0.99. The stock's 50 day moving average is $559.10 and its 200 day moving average is $565.23.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.48 earnings per share. Research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio is 23.19%.

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.

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