Redwood Investments LLC Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Redwood Investments LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,483 shares of the industrial products company's stock after acquiring an additional 2,296 shares during the period. Roper Technologies makes up 1.5% of Redwood Investments LLC's portfolio, making the stock its 18th biggest position. Redwood Investments LLC's holdings in Roper Technologies were worth $5,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new stake in Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies in the 4th quarter valued at $36,000. Parvin Asset Management LLC bought a new stake in Roper Technologies in the 4th quarter worth approximately $39,000. E Fund Management Hong Kong Co. Ltd. increased its position in Roper Technologies by 7,500.0% in the fourth 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 last quarter. Finally, OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter valued at $38,000. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.78% of the stock is currently owned by insiders.

Roper Technologies Stock Performance

Shares of ROP stock traded down $3.11 on Tuesday, hitting $577.36. The company had a trading volume of 241,373 shares, compared to its average volume of 643,489. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market cap of $62.08 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company has a 50-day moving average price of $565.52 and a 200-day moving average price of $556.80. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $4.41 EPS. As a group, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies's payout ratio is currently 23.81%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ROP shares. Oppenheimer restated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial restated a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James restated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Royal Bank of Canada raised their price target on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $632.36.

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.