Royal London Asset Management Ltd. Has $58.23 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Royal London Asset Management Ltd. increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 112,012 shares of the industrial products company’s stock after purchasing an additional 2,911 shares during the period. Royal London Asset Management Ltd.’s holdings in Roper Technologies were worth $58,229,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies in the 4th quarter worth $26,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $38,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies in the 4th quarter valued at about $45,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies in the 4th quarter valued at about $49,000. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROP has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. One 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. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Roper Technologies Stock Down 0.4 %

NYSE ROP opened at $575.45 on Friday. 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, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a 50 day moving average of $562.75 and a 200-day moving average of $552.56. The company has a market cap of $61.79 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s payout ratio is 23.01%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction 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. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. Corporate insiders own 0.87% of the company’s stock.

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.