Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Woodline Partners LP

Woodline Partners LP boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 86.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,851 shares of the industrial products company's stock after acquiring an additional 35,272 shares during the period. Woodline Partners LP owned 0.07% of Roper Technologies worth $39,431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Roper Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after purchasing an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Roper Technologies by 42.2% during 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 buying an additional 1,529,716 shares during the period. Geode Capital Management LLC grew its stake in shares of Roper Technologies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after acquiring an additional 29,184 shares in the last quarter. Norges Bank purchased a new position in Roper Technologies in the fourth quarter valued at $914,052,000. Finally, Invesco Ltd. grew its stake in shares of Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after purchasing an additional 31,531 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $2.04 during trading on Monday, hitting $567.03. 375,125 shares of the stock were exchanged, compared to its average volume of 548,436. The company has a market cap of $60.96 billion, a PE ratio of 39.54, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $565.57 and a two-hundred day moving average price of $557.26. 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 posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter in the prior year, the business earned $4.41 EPS. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders 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 presently 23.81%.

Analysts Set New Price Targets

A number of research firms have recently commented on ROP. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Raymond James reiterated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $632.36.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.78% of the company's stock.

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.