Choate Investment Advisors Buys 32 Shares of Roper Technologies, Inc. (NYSE:ROP)

Choate Investment Advisors grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,589 shares of the industrial products company’s stock after buying an additional 32 shares during the period. Choate Investment Advisors’ holdings in Roper Technologies were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Roper Technologies in the fourth quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. increased its position in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Roper Technologies in the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies in the fourth quarter worth $49,000. Finally, J.Safra Asset Management Corp increased its position in Roper Technologies by 113.0% in the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ROP shares. Truist Financial restated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Barclays dropped their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Stock Up 1.1 %

Shares of ROP opened at $569.29 on Monday. The firm has a market capitalization of $61.13 billion, a P/E ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $557.33 and a 200-day moving average price of $551.91.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

About Roper Technologies

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.