Procyon Advisors LLC Buys 154 Shares of Roper Technologies, Inc. (NYSE:ROP)

Procyon Advisors LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,449 shares of the industrial products company’s stock after acquiring an additional 154 shares during the quarter. Procyon Advisors LLC’s holdings in Roper Technologies were worth $1,335,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after purchasing an additional 100,621 shares during the period. BlackRock Inc. raised its holdings in Roper Technologies by 22.9% during the second quarter. BlackRock Inc. now owns 9,496,315 shares of the industrial products company’s stock worth $4,565,828,000 after buying an additional 1,770,965 shares during the last quarter. State Street Corp raised its holdings in Roper Technologies by 1.7% during the second quarter. State Street Corp now owns 4,369,088 shares of the industrial products company’s stock worth $2,100,658,000 after buying an additional 74,241 shares during the last quarter. Morgan Stanley raised its holdings in Roper Technologies by 2.9% during the fourth quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock worth $1,473,416,000 after buying an additional 95,728 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Roper Technologies by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock worth $1,224,736,000 after acquiring an additional 42,962 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

NYSE ROP traded up $2.35 on Thursday, reaching $561.53. 48,813 shares of the company’s stock traded hands, compared to its average volume of 486,409. Roper Technologies, Inc. has a 12 month low of $430.03 and a 12 month high of $563.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a 50-day simple moving average of $548.00 and a 200 day simple moving average of $526.21. The stock has a market cap of $60.09 billion, a PE ratio of 43.38, a P/E/G ratio of 2.92 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $3.92 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. As a group, research analysts predict that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

Analyst Ratings Changes

Several research firms have recently issued reports on ROP. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a research note on Thursday, January 4th. Mizuho increased their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Raymond James upped their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Wells Fargo & Company upped their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada increased their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $574.25.

Insider Activity at Roper Technologies

In other Roper Technologies 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 transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by company 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.