Fiduciary Group LLC Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Fiduciary Group LLC lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 52.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,537 shares of the industrial products company’s stock after buying an additional 1,558 shares during the quarter. Fiduciary Group LLC’s holdings in Roper Technologies were worth $2,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $26,000. OFI Invest Asset Management purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 valued at $40,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $45,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $49,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ROP shares. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer boosted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Robert W. Baird set a $665.00 price target 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 issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $623.60.

Roper Technologies Trading Up 0.2 %

NYSE ROP opened at $577.83 on Thursday. The company’s fifty day simple moving average is $561.45 and its 200-day simple moving average is $552.40. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week 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 stock has a market cap of $62.05 billion, a P/E ratio of 40.29, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given 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 dividend yield of 0.57%. Roper Technologies’s payout ratio is currently 23.01%.

Insider Transactions at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

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.