Sone Capital Management LLC Makes New $20.84 Million Investment in Roper Technologies, Inc. (NYSE:ROP)

Sone Capital Management LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,080 shares of the industrial products company’s stock, valued at approximately $20,836,000. Roper Technologies makes up approximately 2.6% of Sone Capital Management LLC’s investment portfolio, making the stock its 4th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after acquiring an additional 45,947 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Roper Technologies during the 4th quarter valued at approximately $371,000. Trust Co. of Vermont raised its position in shares of Roper Technologies by 167.5% in the 4th quarter. Trust Co. of Vermont now owns 1,086 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 680 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of Roper Technologies by 18.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 714 shares of the industrial products company’s stock valued at $371,000 after buying an additional 112 shares during the last quarter. Finally, Raub Brock Capital Management LP grew its position in shares of Roper Technologies by 2.2% during the fourth quarter. Raub Brock Capital Management LP now owns 30,840 shares of the industrial products company’s stock worth $16,032,000 after buying an additional 650 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ROP. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Oppenheimer reissued an “outperform” rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird increased their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $632.36.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.78% of the company’s stock.

Roper Technologies Trading Up 1.5%

NYSE:ROP opened at $582.88 on Monday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business has a 50 day simple moving average of $565.24 and a 200 day simple moving average of $556.53. The firm has a market capitalization of $62.67 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $4.41 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Equities research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s payout ratio is currently 23.81%.

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.