Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 15.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,374 shares of the industrial products company’s stock after acquiring an additional 321 shares during the period. Townsquare Capital LLC’s holdings in Roper Technologies were worth $1,234,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ROP. Vanguard Group Inc. raised its position in Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock valued at $5,497,467,000 after purchasing an additional 72,503 shares during the period. Geode Capital Management LLC boosted its position in shares of Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company’s stock worth $1,284,242,000 after buying an additional 29,184 shares during the period. Norges Bank acquired a new stake in shares of Roper Technologies in the fourth quarter valued at $914,052,000. Invesco Ltd. raised its holdings in shares of Roper Technologies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company’s stock valued at $774,687,000 after buying an additional 31,531 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 360,632 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,000 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Up 0.2 %

Roper Technologies stock opened at $557.24 on Friday. The stock’s fifty day moving average is $571.40 and its two-hundred day moving average is $554.18. The stock has a market cap of $59.84 billion, a PE ratio of 38.86, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year 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.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays dropped their price objective 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. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $620.73.

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.