Jag Capital Management LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Jag Capital Management LLC acquired a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,737 shares of the industrial products company's stock, valued at approximately $6,944,000. Roper Technologies accounts for approximately 1.1% of Jag Capital Management LLC's investment portfolio, making the stock its 29th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Roper Technologies by 15.2% during the 3rd quarter. Assetmark Inc. now owns 2,804 shares of the industrial products company's stock valued at $1,358,000 after acquiring an additional 370 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Roper Technologies by 43.1% in the third quarter. Panagora Asset Management Inc. now owns 6,040 shares of the industrial products company's stock valued at $2,925,000 after buying an additional 1,818 shares during the period. Allworth Financial LP boosted its holdings in Roper Technologies by 20.6% during the third quarter. Allworth Financial LP now owns 608 shares of the industrial products company's stock worth $295,000 after buying an additional 104 shares during the last quarter. CTC Alternative Strategies Ltd. acquired a new position in shares of Roper Technologies during the 3rd quarter worth about $872,000. Finally, Alaska Permanent Fund Corp increased its stake in shares of Roper Technologies by 3.0% in the 3rd quarter. Alaska Permanent Fund Corp now owns 28,386 shares of the industrial products company's stock valued at $13,747,000 after acquiring an additional 834 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Up 0.6 %

Roper Technologies stock traded up $3.09 during mid-day trading on Friday, hitting $541.89. The company had a trading volume of 787,896 shares, compared to its average volume of 522,126. Roper Technologies, Inc. has a 12 month low of $441.06 and a 12 month high of $565.00. The company has a market capitalization of $58.00 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 2.79 and a beta of 1.00. The stock's 50 day moving average price is $537.69 and its two-hundred day moving average price is $536.30. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company earned $3.90 EPS. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies's payout ratio is 21.77%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business's 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 sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.94% of the company's stock.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of analyst reports. Raymond James boosted 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. Barclays lifted their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an "outperform" rating for the company in a research report on Monday, April 29th. Mizuho raised their price target on Roper Technologies from $525.00 to $530.00 and gave the company a "neutral" rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company upped their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $584.82.

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.