Syon Capital LLC Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Syon Capital LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,185 shares of the industrial products company’s stock after buying an additional 165 shares during the quarter. Syon Capital LLC’s holdings in Roper Technologies were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in Roper Technologies during the third quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in Roper Technologies during the third quarter valued at $27,000. Independence Bank of Kentucky purchased a new position in Roper Technologies during the fourth quarter valued at $31,000. Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies during the fourth quarter valued at $31,000. Finally, Lee Financial Co purchased a new position in shares of Roper Technologies in the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Wells Fargo & Company lifted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Raymond James lifted their price target 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. Finally, Mizuho lifted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Four 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Roper Technologies Stock Down 2.5 %

Shares of NYSE ROP traded down $13.63 during trading hours on Friday, hitting $526.78. 856,077 shares of the stock were exchanged, compared to its average volume of 505,450. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The company has a market cap of $56.38 billion, a PE ratio of 32.20, a PEG ratio of 2.83 and a beta of 0.99. The firm has a fifty day moving average price of $545.43 and a 200-day moving average price of $533.17. Roper Technologies, Inc. has a 12 month low of $435.49 and a 12 month high of $565.00.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.90 EPS. On average, sell-side analysts expect that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.27%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction that occurred on 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 owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.

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.