FORA Capital LLC Purchases 7,420 Shares of Roper Technologies, Inc. (NYSE:ROP)

FORA Capital LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 80.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,589 shares of the industrial products company's stock after acquiring an additional 7,420 shares during the quarter. Roper Technologies accounts for 1.0% of FORA Capital LLC's holdings, making the stock its 21st biggest position. FORA Capital LLC's holdings in Roper Technologies were worth $8,624,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ROP. Vanguard Group Inc. grew its stake in Roper Technologies by 0.7% in the fourth 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 in the last quarter. T. Rowe Price Investment Management Inc. grew its stake 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 in the last quarter. Geode Capital Management LLC increased its holdings in Roper Technologies by 1.2% during 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 buying an additional 29,184 shares during the last quarter. Norges Bank bought a new stake in Roper Technologies during the fourth quarter worth $914,052,000. Finally, Invesco Ltd. lifted its stake in Roper Technologies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after acquiring an additional 31,531 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

Shares of ROP stock traded down $4.50 during trading on Friday, hitting $570.48. The company had a trading volume of 333,225 shares, compared to its average volume of 549,790. The firm has a market capitalization of $61.34 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. 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 stock's 50-day moving average price is $565.97 and its 200 day moving average price is $555.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating 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 posted $4.41 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ROP shares. William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Stifel Nicolaus decreased their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $620.91.

Insider Transactions at Roper Technologies

In related 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 transaction of $1,764,570.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is currently owned by insiders.

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.