Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,050 shares of the industrial products company’s stock after acquiring an additional 47 shares during the period. Brown Brothers Harriman & Co.’s holdings in Roper Technologies were worth $1,066,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Douglas Lane & Associates LLC raised its holdings in shares of Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after acquiring an additional 17,466 shares during the period. Synovus Financial Corp increased its position in Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after purchasing an additional 961 shares during the last quarter. Nordea Investment Management AB raised its stake in Roper Technologies by 8.5% during the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after purchasing an additional 42,016 shares during the period. First Financial Bank Trust Division boosted its holdings in Roper Technologies by 28.0% in the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock valued at $5,574,000 after purchasing an additional 2,343 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its stake in shares of Roper Technologies by 42.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock valued at $3,023,000 after buying an additional 1,719 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Stifel Nicolaus assumed coverage on Roper Technologies in a research report on Thursday. They set a “buy” rating and a $685.00 price objective for the company. Oppenheimer upped their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $629.18.

Roper Technologies Stock Performance

Shares of ROP stock opened at $582.64 on Monday. The firm has a 50 day moving average of $570.85 and a two-hundred day moving average of $553.74. The stock has a market capitalization of $62.57 billion, a PE ratio of 40.63, a P/E/G ratio of 2.77 and a beta of 1.06. 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.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.57%. Roper Technologies’s payout ratio is 23.01%.

Insiders Place Their Bets

In related news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. 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 quarter. 0.87% of the stock is owned by company insiders.

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.