Apollon Wealth Management LLC Acquires 3,701 Shares of Roper Technologies, Inc. (NYSE:ROP)

Apollon Wealth Management LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 206.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,492 shares of the industrial products company’s stock after acquiring an additional 3,701 shares during the quarter. Apollon Wealth Management LLC’s holdings in Roper Technologies were worth $2,994,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in Roper Technologies during the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in Roper Technologies during the third quarter worth about $27,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $31,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies during the 4th quarter worth $31,000. Finally, Lee Financial Co acquired a new position in Roper Technologies in the third quarter valued at about $34,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.9 %

Shares of NYSE ROP traded up $4.72 during midday trading on Tuesday, reaching $520.26. The stock had a trading volume of 291,246 shares, compared to its average volume of 522,880. The firm has a market cap of $55.69 billion, a price-to-earnings ratio of 37.41, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00. The company’s 50 day moving average price is $540.75 and its 200 day moving average price is $534.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 earnings per share. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio is 21.77%.

Analyst Upgrades and Downgrades

ROP has been the topic of several analyst reports. 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 report on Monday, April 29th. Oppenheimer restated an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Raymond James upped their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada cut their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Wells Fargo & Company increased their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $584.82.

Insider Buying and Selling at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.