Syon Capital LLC Acquires 165 Shares of Roper Technologies, Inc. (NYSE:ROP)

Syon Capital LLC boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,185 shares of the industrial products company’s stock after purchasing an additional 165 shares during the quarter. Syon Capital LLC’s holdings in Roper Technologies were worth $646,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. lifted its position in shares of Roper Technologies by 3.2% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after acquiring an additional 3,500 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Roper Technologies by 229.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after acquiring an additional 3,660 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Roper Technologies by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after acquiring an additional 4,334 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Roper Technologies by 4.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock worth $166,611,000 after acquiring an additional 11,744 shares during the period. Finally, Crestwood Advisors Group LLC lifted its position in shares of Roper Technologies by 5.3% in the 4th quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock worth $43,262,000 after acquiring an additional 3,959 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 2.5 %

ROP traded down $13.63 during mid-day trading on Friday, reaching $526.78. The stock had a trading volume of 856,077 shares, compared to its average volume of 505,450. The stock has a market capitalization of $56.38 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The firm’s fifty day simple moving average is $545.43 and its two-hundred day simple moving average is $533.17. Roper Technologies, Inc. has a 52 week low of $435.49 and a 52 week high of $565.00.

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

Roper Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

ROP has been the subject of a number of recent research reports. Mizuho increased their target price on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Oppenheimer increased their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Raymond James increased their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a report on Thursday, January 4th. Finally, Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $574.58.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by corporate insiders.

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.