Argentarii LLC Purchases New Position in Roper Technologies, Inc. (NYSE:ROP)

Argentarii LLC purchased a new stake in Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 767 shares of the industrial products company’s stock, valued at approximately $399,000.

Several other large investors have also added to or reduced their stakes in the business. OFI Invest Asset Management bought a new position in Roper Technologies in the 4th quarter valued at about $38,000. Coalescence Partners Investment Management LP lifted its position in Roper Technologies by 29.7% in the 4th quarter. Coalescence Partners Investment Management LP now owns 30,195 shares of the industrial products company’s stock valued at $15,697,000 after acquiring an additional 6,922 shares in the last quarter. Larson Financial Group LLC lifted its position in Roper Technologies by 12.7% in the 4th quarter. Larson Financial Group LLC now owns 904 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 102 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Roper Technologies by 8.7% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 254,957 shares of the industrial products company’s stock worth $142,783,000 after buying an additional 20,349 shares in the last quarter. Finally, Andra AP fonden bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $2,183,000. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ROP. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays dropped their target price 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. Raymond James reissued a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. One 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Stock Up 0.0 %

Roper Technologies stock opened at $588.38 on Friday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a market capitalization of $63.18 billion, a price-to-earnings ratio of 41.03, a P/E/G ratio of 2.77 and a beta of 1.06. 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 firm has a 50 day simple moving average of $552.27 and a 200 day simple moving average of $551.22.

Roper Technologies Dividend Announcement

The company also recently declared 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the business’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 transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last three months. 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.