Skopos Labs Inc. Invests $450,000 in Roper Technologies, Inc. (NYSE:ROP)

Skopos Labs Inc. bought a new position in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, Holdings Channel.com reports. The firm bought 826 shares of the industrial products company’s stock, valued at approximately $450,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Congress Wealth Management LLC DE grew its position in Roper Technologies by 2.3% in the fourth quarter. Congress Wealth Management LLC DE now owns 26,853 shares of the industrial products company’s stock worth $14,640,000 after acquiring an additional 602 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in Roper Technologies by 0.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 12,343 shares of the industrial products company’s stock valued at $6,527,000 after buying an additional 81 shares during the period. Team Hewins LLC purchased a new stake in Roper Technologies during the fourth quarter valued at about $401,000. BayBridge Capital Group LLC purchased a new stake in Roper Technologies during the fourth quarter valued at about $381,000. Finally, TCW Group Inc. boosted its position in Roper Technologies by 12.1% during the fourth quarter. TCW Group Inc. now owns 28,816 shares of the industrial products company’s stock valued at $15,711,000 after buying an additional 3,114 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of the 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 in the company, valued at $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.0 %

Shares of NYSE ROP traded up $0.04 on Friday, reaching $544.66. 369,948 shares of the company’s stock traded hands, compared to its average volume of 611,961. Roper Technologies, Inc. has a 12 month low of $441.06 and a 12 month high of $565.00. The business’s 50 day simple moving average is $537.03 and its two-hundred day simple moving average is $538.43. The company has a market cap of $58.30 billion, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 2.86 and a beta of 1.00. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company posted $3.90 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s payout ratio is 21.77%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Raymond James upped their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Barclays increased their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Mizuho increased their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Three equities research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $584.82.

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.