Roper Technologies, Inc. (NYSE:ROP) Position Increased by Fiduciary Group LLC

Fiduciary Group LLC raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 52.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,537 shares of the industrial products company’s stock after purchasing an additional 1,558 shares during the quarter. Fiduciary Group LLC’s holdings in Roper Technologies were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its stake in Roper Technologies by 52.5% during the fourth quarter. Teacher Retirement System of Texas now owns 9,858 shares of the industrial products company’s stock valued at $5,125,000 after purchasing an additional 3,393 shares during the last quarter. TAP Consulting LLC increased its stake in Roper Technologies by 1.4% during the fourth quarter. TAP Consulting LLC now owns 5,676 shares of the industrial products company’s stock valued at $2,951,000 after purchasing an additional 79 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in Roper Technologies by 2.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 112,012 shares of the industrial products company’s stock valued at $58,229,000 after purchasing an additional 2,911 shares during the last quarter. Next Capital Management LLC increased its stake in Roper Technologies by 53.7% during the fourth quarter. Next Capital Management LLC now owns 667 shares of the industrial products company’s stock valued at $347,000 after purchasing an additional 233 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in Roper Technologies by 27.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 6,311 shares of the industrial products company’s stock valued at $3,280,000 after purchasing an additional 1,373 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the company’s 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 sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

ROP stock opened at $577.83 on Thursday. The company has a market capitalization of $62.05 billion, a P/E ratio of 40.29, a PEG ratio of 2.77 and a beta of 1.06. The company has a 50-day simple moving average of $561.45 and a 200 day simple moving average of $552.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s payout ratio is currently 23.01%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ROP shares. 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 research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target 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. Oppenheimer upped their price target 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. Raymond James restated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

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.