Sone Capital Management LLC Takes $20.84 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Sone Capital Management LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,080 shares of the industrial products company's stock, valued at approximately $20,836,000. Roper Technologies accounts for 2.6% of Sone Capital Management LLC's holdings, making the stock its 4th biggest holding.

Several other large investors have also recently added to or reduced their stakes in ROP. Norges Bank purchased a new position in Roper Technologies during the fourth quarter worth about $914,052,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Roper Technologies by 42.2% in the 4th 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. JPMorgan Chase & Co. raised its holdings in shares of Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after purchasing an additional 360,632 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Roper Technologies in the 4th quarter worth about $148,070,000. Finally, Proficio Capital Partners LLC raised its holdings in shares of Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after purchasing an additional 279,795 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. The trade was a 8.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ROP shares. Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Royal Bank of Canada increased their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Performance

Shares of ROP traded down $3.74 during mid-day trading on Thursday, hitting $569.07. The stock had a trading volume of 346,356 shares, compared to its average volume of 548,340. The company has a market cap of $61.18 billion, a PE ratio of 39.68, a PEG ratio of 2.77 and a beta of 1.08. The company's fifty day simple moving average is $565.89 and its two-hundred day simple moving average is $557.06. 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 fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its 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 return on equity of 10.79% and a net margin of 22.01%. The company's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $4.41 earnings per share. On average, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 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.