Voleon Capital Management LP Acquires New Position in Roper Technologies, Inc. (NYSE:ROP)

Voleon Capital Management LP bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 7,764 shares of the industrial products company's stock, valued at approximately $4,036,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after buying an additional 29,184 shares during the last quarter. Norges Bank bought a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $914,052,000. Finally, Invesco Ltd. increased its position in Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after acquiring an additional 31,531 shares during the period. Institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ROP shares. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus reduced their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $620.91.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now 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 SEC, which is available at the SEC website. Also, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Price Performance

ROP stock traded up $8.45 during trading on Friday, hitting $566.04. 556,040 shares of the stock traded hands, compared to its average volume of 550,406. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market cap of $60.86 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a 50 day simple moving average of $566.81 and a 200 day simple moving average of $554.78.

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, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the previous year, the company earned $4.41 earnings per share. The firm's quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is 23.81%.

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.