Bryn Mawr Capital Management LLC Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Bryn Mawr Capital Management LLC raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 181.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,745 shares of the industrial products company’s stock after buying an additional 1,770 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Roper Technologies were worth $1,496,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Roper Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after buying an additional 100,621 shares during the period. Principal Financial Group Inc. boosted its position in Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock valued at $1,224,736,000 after buying an additional 42,962 shares during the period. Northern Trust Corp boosted its position in Roper Technologies by 5.0% during the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after buying an additional 54,396 shares during the period. Invesco Ltd. raised its holdings in Roper Technologies by 1.0% in the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock worth $500,531,000 after purchasing an additional 9,846 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after purchasing an additional 280,873 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the firm’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 completion of the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on ROP shares. Mizuho upped their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a report on Thursday, January 4th. Wells Fargo & Company upped their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Royal Bank of Canada upped their price objective 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. Finally, Raymond James upped their price objective 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. Four equities research 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’s stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies Stock Down 2.5 %

NYSE:ROP opened at $526.78 on Friday. The firm has a market cap of $56.38 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.85 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. Roper Technologies, Inc. has a fifty-two week low of $435.49 and a fifty-two week high of $565.00. The firm has a 50-day simple moving average of $545.05 and a two-hundred day simple moving average of $533.36.

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

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. 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 dividend payout ratio is currently 23.27%.

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.