Spearhead Capital Advisors LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Spearhead Capital Advisors LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,529 shares of the industrial products company’s stock, valued at approximately $9,087,000. Roper Technologies comprises approximately 1.3% of Spearhead Capital Advisors LLC’s holdings, making the stock its 20th biggest holding.

Several other hedge funds also recently made changes to their positions in ROP. First United Bank Trust raised its stake in Roper Technologies by 0.9% in the 4th quarter. First United Bank Trust now owns 2,685 shares of the industrial products company’s stock worth $1,157,000 after purchasing an additional 25 shares in the last quarter. Compton Capital Management Inc. RI boosted its stake in Roper Technologies by 2.0% in the fourth quarter. Compton Capital Management Inc. RI now owns 1,300 shares of the industrial products company’s stock valued at $560,000 after buying an additional 25 shares in the last quarter. Knuff & Co LLC boosted its stake in Roper Technologies by 27.0% in the fourth quarter. Knuff & Co LLC now owns 127 shares of the industrial products company’s stock valued at $55,000 after buying an additional 27 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Roper Technologies by 0.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,530 shares of the industrial products company’s stock valued at $4,539,000 after purchasing an additional 27 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of Roper Technologies by 0.6% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 4,651 shares of the industrial products company’s stock valued at $2,005,000 after purchasing an additional 29 shares in the last quarter. 91.73% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ROP traded up $3.34 during midday trading on Tuesday, hitting $448.41. 2,365 shares of the stock traded hands, compared to its average volume of 582,155. The company has a market cap of $47.06 billion, a PE ratio of 29.97, a P/E/G ratio of 2.73 and a beta of 1.03. Roper Technologies, Inc. has a one year low of $333.67 and a one year high of $455.72. The business has a 50 day moving average price of $417.16 and a two-hundred day moving average price of $409.59. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.64 and a current ratio of 0.73.

Roper Technologies (NYSE:ROP) last posted its earnings results on Tuesday, April 27th. The industrial products company reported $3.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.32 by $0.28. Roper Technologies had a return on equity of 13.53% and a net margin of 28.89%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned $3.05 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 12.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Shareholders of record on Monday, April 5th were given a dividend of $0.563 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.56. The ex-dividend date was Thursday, April 1st. This represents a $2.25 dividend on an annualized basis and a yield of 0.50%. Roper Technologies’s dividend payout ratio is presently 17.24%.

A number of equities analysts have recently issued reports on ROP shares. Barclays raised their price objective on Roper Technologies from $445.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 28th. Argus raised their price objective on Roper Technologies from $440.00 to $490.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. JPMorgan Chase & Co. lowered their price objective on Roper Technologies from $320.00 to $310.00 and set an “underweight” rating for the company in a research report on Monday, February 1st. Royal Bank of Canada raised their price objective on Roper Technologies from $486.00 to $499.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Oppenheimer raised their price objective on Roper Technologies from $460.00 to $505.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Roper Technologies has an average rating of “Hold” and a consensus price target of $447.67.

In other Roper Technologies news, CFO Robert Crisci sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, April 19th. The stock was sold at an average price of $422.83, for a total transaction of $2,536,980.00. Following the completion of the transaction, the chief financial officer now owns 41,287 shares of the company’s stock, valued at approximately $17,457,382.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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