GAMMA Investing LLC Invests $193,000 in Roper Technologies, Inc. (NYSE:ROP)

GAMMA Investing LLC acquired a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 359 shares of the industrial products company’s stock, valued at approximately $193,000.

A number of other institutional investors also recently bought and sold shares of ROP. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in Roper Technologies during the third quarter valued at about $27,000. Independence Bank of Kentucky purchased a new stake in Roper Technologies in the fourth quarter worth about $31,000. Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies in the fourth quarter worth about $31,000. Finally, Lee Financial Co purchased a new position in shares of Roper Technologies during the 3rd quarter valued at about $34,000. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.94% of the company’s stock.

Roper Technologies Stock Down 2.5 %

Shares of NYSE ROP opened at $526.78 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 12-month low of $435.49 and a 12-month high of $565.00. The firm’s 50-day moving average price is $545.05 and its 200-day moving average price is $533.36. The stock has a market capitalization of $56.38 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.85 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $3.90 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

Analysts Set New Price Targets

ROP has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Mizuho raised their price target on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a research report on Thursday, January 4th. Finally, Oppenheimer lifted their target price on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $574.58.

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.