GAMMA Investing LLC Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

GAMMA Investing LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 76.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,891 shares of the industrial products company's stock after acquiring an additional 819 shares during the quarter. GAMMA Investing LLC's holdings in Roper Technologies were worth $1,115,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Oxford Financial Group LTD. LLC boosted its holdings in shares of Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after acquiring an additional 18 shares during the last quarter. Meridian Financial Partners LLC boosted its holdings in shares of Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after acquiring an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after acquiring an additional 20 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Roper Technologies by 2.1% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,021 shares of the industrial products company's stock worth $531,000 after buying an additional 21 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Roper Technologies by 1.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,161 shares of the industrial products company's stock worth $604,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $563.51 on Monday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market capitalization of $60.59 billion, a PE ratio of 39.30, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a 50-day simple moving average of $566.52 and a two-hundred day simple moving average of $558.64.

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

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

Analyst Ratings Changes

ROP has been the topic of a number of research reports. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Company 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.

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