Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 568 shares of the industrial products company’s stock after selling 535 shares during the period. Boothbay Fund Management LLC’s holdings in Roper Technologies were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $36,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 4th quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Roper Technologies during the 4th quarter valued at $45,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 1.5 %

ROP opened at $566.04 on Friday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a 50 day moving average price of $566.81 and a 200 day moving average price of $554.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market cap of $60.86 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the prior year, the firm posted $4.41 EPS. The business’s revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s payout ratio is 23.81%.

Insider Activity

In related news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROP. Stifel Nicolaus reduced their price objective on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Truist Financial reissued a “buy” rating and set a $675.00 price target (up previously 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 issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $620.91.

About Roper Technologies

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.