Cibc World Markets Corp Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Cibc World Markets Corp raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,290 shares of the industrial products company’s stock after buying an additional 2,415 shares during the period. Cibc World Markets Corp’s holdings in Roper Technologies were worth $10,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ROP. E Fund Management Hong Kong Co. Ltd. grew its position in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $38,000. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies in the fourth quarter worth about $45,000. Ameliora Wealth Management Ltd. purchased a new position in Roper Technologies in the 4th quarter worth about $49,000. Finally, J.Safra Asset Management Corp lifted its holdings in Roper Technologies by 113.0% during the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock valued at $51,000 after buying an additional 52 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ROP shares. Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Trading Up 0.2 %

NYSE:ROP opened at $576.86 on Wednesday. The firm has a 50 day moving average of $560.10 and a 200 day moving average of $552.22. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market capitalization of $61.95 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s payout ratio is 23.01%.

Insider Buying and Selling

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

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.