Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,275 shares of the industrial products company's stock after buying an additional 547 shares during the quarter. Picton Mahoney Asset Management's holdings in Roper Technologies were worth $11,362,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ROP. T. Rowe Price Investment Management Inc. lifted its holdings in shares of 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 valued at $2,678,009,000 after buying an additional 1,529,716 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Roper Technologies by 103,901.5% during 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 purchasing an additional 1,113,824 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Roper Technologies by 15,719.2% during the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock valued at $114,719,000 after purchasing an additional 219,283 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Roper Technologies by 23.3% during 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 purchasing an additional 205,019 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Roper Technologies by 170.6% during the fourth quarter. National Bank of Canada FI now owns 265,194 shares of the industrial products company's stock valued at $137,863,000 after purchasing an additional 167,199 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the subject of several analyst reports. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank Of Canada raised their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird raised their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $637.18.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $559.03 on Tuesday. 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 firm has a market cap of $60.10 billion, a price-to-earnings ratio of 38.98, a P/E/G ratio of 2.77 and a beta of 1.02. The business's 50-day simple moving average is $563.61 and its 200-day simple moving average is $564.01. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $4.48 EPS. As a group, equities research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 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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