EHP Funds Inc. Makes New $218,000 Investment in Roper Technologies, Inc. (NYSE:ROP)

EHP Funds Inc. acquired a new stake in Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 400 shares of the industrial products company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connectus Wealth LLC boosted its stake in shares of Roper Technologies by 94.2% in the 4th quarter. Connectus Wealth LLC now owns 89,479 shares of the industrial products company’s stock valued at $48,781,000 after buying an additional 43,394 shares during the period. Quadrature Capital Ltd purchased a new position in Roper Technologies in the fourth quarter worth approximately $12,812,000. Thematics Asset Management increased its position in shares of Roper Technologies by 4.5% in the 4th quarter. Thematics Asset Management now owns 40,303 shares of the industrial products company’s stock valued at $21,972,000 after purchasing an additional 1,725 shares during the last quarter. Waterloo Capital L.P. raised its holdings in shares of Roper Technologies by 1.8% in the 4th quarter. Waterloo Capital L.P. now owns 2,590 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 45 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC grew its stake in shares of Roper Technologies by 3,493.6% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 16,279 shares of the industrial products company’s stock worth $8,875,000 after purchasing an additional 15,826 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a report on Monday, April 29th. Royal Bank of Canada dropped 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. Mizuho boosted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $584.82.

Insider Buying and Selling at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction 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 directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

NYSE:ROP traded up $3.67 during mid-day trading on Friday, hitting $554.03. 394,013 shares of the company’s stock traded hands, compared to its average volume of 501,272. Roper Technologies, Inc. has a 1 year low of $448.13 and a 1 year high of $565.00. The company has a market cap of $59.30 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 2.91 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The firm’s 50 day simple moving average is $533.99 and its 200 day simple moving average is $540.02.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data 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 return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the company earned $3.90 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts expect that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 21.77%.

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.