Gotham Asset Management LLC Buys 1,947 Shares of Roper Technologies, Inc. (NYSE:ROP)

Gotham Asset Management LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,434 shares of the industrial products company's stock after buying an additional 1,947 shares during the period. Gotham Asset Management LLC's holdings in Roper Technologies were worth $13,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in Roper Technologies during the 4th quarter worth $26,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $36,000. OFI Invest Asset Management purchased a new stake in Roper Technologies in the fourth quarter worth about $38,000. Parvin Asset Management LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $570.48 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $61.34 billion, a P/E ratio of 39.78, a P/E/G ratio of 2.77 and a beta of 1.08. The business'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 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%. Roper Technologies's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $4.41 EPS. On average, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Raymond James reiterated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective 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. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $620.91.

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.

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