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

Sone Capital Management LLC acquired a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies in the fourth quarter valued at about $36,000. Parvin Asset Management LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 1.5%

Shares of Roper Technologies stock opened at $582.88 on Monday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a market cap of $62.67 billion, a P/E ratio of 40.65, a PEG ratio of 2.77 and a beta of 1.08. 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 firm has a fifty day moving average of $565.24 and a two-hundred day moving average of $556.53.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the previous year, the business earned $4.41 earnings per share. Roper Technologies’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

ROP has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research note on Friday. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday. Finally, Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $632.36.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of the company’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 sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.78% of the stock is currently owned by company insiders.

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.