Roper Technologies, Inc. (NYSE:ROP) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 103,901.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,114,896 shares of the industrial products company's stock after buying an additional 1,113,824 shares during the quarter. GAMMA Investing LLC owned 1.04% of Roper Technologies worth $657,320,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in Roper Technologies during the first quarter worth about $2,395,000. Moody National Bank Trust Division boosted its stake in shares of Roper Technologies by 4.1% in the first quarter. Moody National Bank Trust Division now owns 2,183 shares of the industrial products company's stock valued at $1,287,000 after purchasing an additional 86 shares during the period. Versant Capital Management Inc boosted its stake in shares of Roper Technologies by 235.1% in the first quarter. Versant Capital Management Inc now owns 382 shares of the industrial products company's stock valued at $225,000 after purchasing an additional 268 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Roper Technologies by 2.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company's stock valued at $20,537,000 after purchasing an additional 917 shares during the period. Finally, First Financial Bank Trust Division boosted its stake in shares of Roper Technologies by 1.4% in the first quarter. First Financial Bank Trust Division now owns 10,876 shares of the industrial products company's stock valued at $6,412,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 0.9%

NYSE:ROP traded up $5.02 during mid-day trading on Friday, hitting $569.29. The stock had a trading volume of 808,786 shares, compared to its average volume of 548,730. The stock has a 50-day simple moving average of $564.81 and a two-hundred day simple moving average of $557.38. The company has a market capitalization of $61.21 billion, a PE ratio of 39.70, a PEG ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

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

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies's payout ratio is currently 23.81%.

Analyst Ratings Changes

Several research firms have recently commented on ROP. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus lowered their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. 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. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Robert W. Baird raised their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

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.