Bryn Mawr Capital Management LLC Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Bryn Mawr Capital Management LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 181.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,745 shares of the industrial products company's stock after buying an additional 1,770 shares during the period. Bryn Mawr Capital Management LLC's holdings in Roper Technologies were worth $1,496,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ROP. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $27,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $31,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $31,000. Finally, Lee Financial Co acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $34,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by company insiders.

Roper Technologies Trading Down 2.5 %

Roper Technologies stock traded down $13.63 during mid-day trading on Friday, hitting $526.78. 856,081 shares of the stock were exchanged, compared to its average volume of 498,846. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 12 month low of $435.49 and a 12 month high of $565.00. The firm's fifty day simple moving average is $545.05 and its two-hundred day simple moving average is $533.61. The stock has a market capitalization of $56.38 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 2.85 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.90 EPS. Analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies's dividend payout ratio is currently 23.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Raymond James raised their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a report on Friday, February 2nd. Wells Fargo & Company raised their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a report on Monday, January 22nd. Mizuho raised their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a report on Thursday, February 1st. Finally, TD Cowen lowered shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price objective for the company. in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $574.58.

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.