Aquatic Capital Management LLC Purchases New Shares in Roper Technologies, Inc. (NYSE:ROP)

Aquatic Capital Management LLC purchased 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 institutional investor purchased 30,459 shares of the industrial products company's stock, valued at approximately $15,834,000.

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

Analysts Set New Price Targets

Several research firms have weighed in on ROP. Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday. Robert W. Baird set a $665.00 target price on Roper Technologies in a research note on Friday, January 31st. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday. Raymond James restated a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday. Finally, Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $620.73.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last three months. Company insiders own 0.87% of the company's stock.

Roper Technologies Trading Down 1.0 %

NYSE ROP traded down $5.75 on Monday, reaching $551.95. The company had a trading volume of 805,855 shares, compared to its average volume of 552,519. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business has a 50 day moving average of $568.40 and a two-hundred day moving average of $554.64. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market cap of $59.27 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping 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%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.41 earnings per share. Analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio is presently 23.01%.

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.