Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,050 shares of the industrial products company’s stock after buying an additional 47 shares during the period. Brown Brothers Harriman & Co.’s holdings in Roper Technologies were worth $1,066,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $36,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the last quarter. OFI Invest Asset Management acquired a new position in Roper Technologies during the fourth quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $45,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

NYSE ROP opened at $582.64 on Monday. 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 business’s 50 day moving average is $570.85 and its two-hundred day moving average is $553.74. The stock has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given 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 23.01%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent research reports. Raymond James reaffirmed 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. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note 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 research note on Tuesday, January 28th. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. Finally, Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $629.18.

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.