Twinbeech Capital LP Purchases 75,367 Shares of Roper Technologies, Inc. (NYSE:ROP)

Twinbeech Capital LP increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 218.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,941 shares of the industrial products company's stock after acquiring an additional 75,367 shares during the period. Roper Technologies makes up 1.0% of Twinbeech Capital LP's investment portfolio, making the stock its 24th largest holding. Twinbeech Capital LP owned about 0.10% of Roper Technologies worth $57,153,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $36,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $38,000. Parvin Asset Management LLC bought a new position in shares of Roper Technologies in the fourth quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after buying an additional 75 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

Shares of NYSE ROP traded down $3.74 during midday trading on Thursday, reaching $569.07. The stock had a trading volume of 346,356 shares, compared to its average volume of 548,340. The stock has a 50-day moving average of $565.89 and a 200-day moving average of $557.06. 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 $61.18 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month 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 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 last year, the business earned $4.41 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ROP shares. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reissued a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Royal Bank of Canada upped their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.