Roper Technologies, Inc. (NYSE:ROP) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 23.9% during the fourth quarter, Holdings Channel reports. The firm owned 35,576 shares of the industrial products company’s stock after acquiring an additional 6,874 shares during the quarter. HighTower Advisors LLC’s holdings in Roper Technologies were worth $18,494,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ROP. Wellington Management Group LLP increased its holdings in shares of Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after acquiring an additional 345,268 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $148,070,000. Proficio Capital Partners LLC increased its holdings in shares of Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock worth $145,697,000 after acquiring an additional 279,795 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $69,382,000. Finally, Loomis Sayles & Co. L P grew its position in Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after buying an additional 132,913 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $569.29 on Friday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a 50-day moving average of $557.33 and a two-hundred day moving average of $551.90. The stock has a market cap of $61.13 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.77 and a beta of 1.06. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROP. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays decreased their target price 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. Oppenheimer increased their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Truist Financial restated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $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. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by company insiders.

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.