Scientech Research LLC Invests $1.58 Million in Roper Technologies, Inc. (NYSE:ROP)

Scientech Research LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,041 shares of the industrial products company's stock, valued at approximately $1,581,000. Roper Technologies comprises approximately 0.4% of Scientech Research LLC's holdings, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the fourth quarter worth $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the fourth quarter worth $36,000. OFI Invest Asset Management acquired a new position in Roper Technologies during the fourth quarter worth $38,000. Parvin Asset Management LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $39,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake 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 valued at $40,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Down 0.4%

ROP traded down $2.26 on Tuesday, reaching $578.21. The company's stock had a trading volume of 460,213 shares, compared to its average volume of 548,795. The stock has a 50 day moving average of $565.52 and a two-hundred day moving average 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. The company has a market capitalization of $62.17 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

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

Roper Technologies Dividend Announcement

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

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.78% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ROP. Oppenheimer reissued an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Truist Financial reissued a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Royal Bank of Canada increased 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. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Stifel Nicolaus cut their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $632.36.

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.