Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its position in Roper Technologies, Inc. (NYSE:ROP) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,576 shares of the industrial products company’s stock after buying an additional 6,874 shares during the period. HighTower Advisors LLC’s holdings in Roper Technologies were worth $18,494,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ROP. Inspire Advisors LLC increased its position in Roper Technologies by 12.3% during the fourth quarter. Inspire Advisors LLC now owns 1,060 shares of the industrial products company’s stock worth $551,000 after purchasing an additional 116 shares during the last quarter. Eos Management L.P. increased its position in Roper Technologies by 124.9% during the fourth quarter. Eos Management L.P. now owns 8,324 shares of the industrial products company’s stock worth $4,327,000 after purchasing an additional 4,623 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in Roper Technologies by 1.9% during the fourth quarter. Citizens Financial Group Inc. RI now owns 1,674 shares of the industrial products company’s stock worth $870,000 after purchasing an additional 31 shares during the last quarter. Dearborn Partners LLC increased its position in Roper Technologies by 5.7% during the fourth quarter. Dearborn Partners LLC now owns 1,197 shares of the industrial products company’s stock worth $622,000 after purchasing an additional 65 shares during the last quarter. Finally, Paragon Private Wealth Management LLC increased its position in Roper Technologies by 7.4% during the fourth quarter. Paragon Private Wealth Management LLC now owns 1,134 shares of the industrial products company’s stock worth $590,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ROP shares. Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer boosted 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. Finally, Raymond James reiterated 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $623.60.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 in the last ninety days. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Up 1.1 %

NYSE ROP opened at $569.29 on Friday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $61.13 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company’s fifty day moving average price is $557.33 and its two-hundred day moving average price is $551.90.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders 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 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Roper Technologies 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.