Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 423 shares of the industrial products company’s stock after purchasing an additional 24 shares during the period. Cohen & Steers Inc.’s holdings in Roper Technologies were worth $220,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Roper Technologies during the fourth quarter worth $914,052,000. JPMorgan Chase & Co. increased its holdings in Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after purchasing an additional 360,632 shares during the period. Raymond James Financial Inc. acquired a new stake in Roper Technologies in the 4th quarter valued at about $148,070,000. Proficio Capital Partners LLC increased its stake in shares of Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock worth $145,697,000 after buying an additional 279,795 shares during the period. Finally, National Bank of Canada FI raised its holdings in Roper Technologies by 170.6% in the fourth quarter. National Bank of Canada FI now owns 265,194 shares of the industrial products company’s stock valued at $137,863,000 after acquiring an additional 167,199 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lowered their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Stifel Nicolaus started coverage on Roper Technologies in a research note on Thursday, March 27th. They set a “buy” rating and a $685.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $620.73.

Roper Technologies Stock Up 0.2 %

ROP stock opened at $567.08 on Wednesday. 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 cap of $60.90 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a fifty day moving average price of $572.08 and a 200 day moving average price of $554.16.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 dividend yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, 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. Insiders have 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 currently 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.