BayBridge Capital Group LLC Acquires New Position in Roper Technologies, Inc. (NYSE:ROP)

BayBridge Capital Group 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 disclosure with the Securities and Exchange Commission. The institutional investor acquired 713 shares of the industrial products company’s stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in Roper Technologies in the 3rd quarter worth about $27,000. Independence Bank of Kentucky bought a new position in Roper Technologies in the 4th quarter worth about $31,000. Wetzel Investment Advisors Inc. bought a new position in Roper Technologies in the 4th quarter worth about $31,000. VisionPoint Advisory Group LLC bought a new position in Roper Technologies in the 4th quarter worth about $32,000. Finally, Lee Financial Co acquired a new stake in shares of Roper Technologies in the 3rd quarter worth approximately $34,000. Institutional investors own 93.31% of the company’s stock.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of Roper Technologies 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 sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ROP shares. Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James raised their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Mizuho raised their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $584.82.

Roper Technologies Stock Performance

ROP traded down $2.83 during trading on Thursday, hitting $544.62. The stock had a trading volume of 528,899 shares, compared to its average volume of 523,230. The firm has a market cap of $58.30 billion, a PE ratio of 39.73, a P/E/G ratio of 2.84 and a beta of 1.00. Roper Technologies, Inc. has a 12 month low of $441.06 and a 12 month high of $565.00. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The company has a 50 day simple moving average of $537.14 and a 200-day simple moving average of $538.09.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $3.90 EPS. Analysts expect that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

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.