Voya Investment Management LLC Buys 13,053 Shares of Roper Technologies, Inc. (NYSE:ROP)

Voya Investment Management LLC increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,570 shares of the industrial products company's stock after purchasing an additional 13,053 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of Roper Technologies worth $28,888,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies in the fourth quarter worth $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies in the 4th quarter valued at about $36,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Roper Technologies by 7,500.0% during 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 buying an additional 75 shares during the period. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the 4th quarter worth about $38,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Down 0.4 %

Shares of ROP traded down $2.49 during trading hours on Thursday, reaching $557.59. 589,669 shares of the company traded hands, compared to its average volume of 551,822. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a market capitalization of $59.95 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company's fifty day moving average price is $567.62 and its two-hundred day moving average price is $554.69. 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 announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) 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 previous year, the business earned $4.41 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.81%.

Insider Activity

In related news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now owns 1,329 shares of the company's stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a report on Tuesday. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday. Stifel Nicolaus dropped their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada raised their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.