Signaturefd LLC Has $944,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Signaturefd LLC reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,815 shares of the industrial products company’s stock after selling 177 shares during the period. Signaturefd LLC’s holdings in Roper Technologies were worth $944,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ROP. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of 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 valued at $40,000 after buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at $45,000. Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies in the fourth quarter valued at $49,000. Finally, J.Safra Asset Management Corp grew its stake in shares of 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 valued at $51,000 after buying an additional 52 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.2 %

ROP stock opened at $576.86 on Wednesday. The company has a market cap of $61.95 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The business has a 50-day simple moving average of $560.10 and a 200 day simple moving average of $552.22. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. 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 Announces Dividend

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

Analysts Set New Price Targets

ROP has been the subject of several analyst reports. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up from $665.00) 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 report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Insider Activity at Roper Technologies

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

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.