Bryn Mawr Capital Management LLC Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Bryn Mawr Capital Management LLC raised its position in Roper Technologies, Inc. (NYSE:ROP) by 181.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,745 shares of the industrial products company’s stock after purchasing an additional 1,770 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Roper Technologies were worth $1,496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROP. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 3rd quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in shares of Roper Technologies during the 3rd quarter worth $27,000. Independence Bank of Kentucky purchased a new position in shares of Roper Technologies during the 4th quarter worth $31,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Roper Technologies during the 4th quarter worth $31,000. Finally, Lee Financial Co purchased a new position in shares of Roper Technologies during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $526.78 on Friday. The company has a market cap of $56.38 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a 50-day moving average of $545.05 and a two-hundred day moving average of $533.36. Roper Technologies, Inc. has a 1-year low of $435.49 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. Roper Technologies’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.90 EPS. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.27%.

Analyst Upgrades and Downgrades

ROP has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Raymond James boosted their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Oppenheimer boosted their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.94% of the company’s stock.

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.