Frank Rimerman Advisors LLC Buys 363 Shares of Roper Technologies, Inc. (NYSE:ROP)

Frank Rimerman Advisors LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 38.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,315 shares of the industrial products company’s stock after buying an additional 363 shares during the period. Frank Rimerman Advisors LLC’s holdings in Roper Technologies were worth $684,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ROP. Oppenheimer & Co. Inc. lifted its holdings in Roper Technologies by 2.2% in the third quarter. Oppenheimer & Co. Inc. now owns 5,277 shares of the industrial products company’s stock valued at $2,936,000 after buying an additional 115 shares during the period. Metis Global Partners LLC lifted its holdings in Roper Technologies by 4.2% in the third quarter. Metis Global Partners LLC now owns 4,522 shares of the industrial products company’s stock valued at $2,516,000 after buying an additional 184 shares during the period. CIBC Asset Management Inc lifted its holdings in Roper Technologies by 3.7% in the third quarter. CIBC Asset Management Inc now owns 49,221 shares of the industrial products company’s stock valued at $27,382,000 after buying an additional 1,775 shares during the period. Empirical Finance LLC lifted its holdings in Roper Technologies by 2.1% in the third quarter. Empirical Finance LLC now owns 3,654 shares of the industrial products company’s stock valued at $2,033,000 after buying an additional 76 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Roper Technologies by 11.7% in the third quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock valued at $1,173,000 after buying an additional 220 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated 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 of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROP. Truist Financial reiterated a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer increased their target price 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. Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Stock Up 1.1 %

Roper Technologies stock opened at $569.29 on Friday. The company has a market cap of $61.13 billion, a P/E ratio of 39.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a fifty day simple moving average of $557.33 and a 200 day simple moving average of $551.90. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Roper Technologies Company 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.