Sei Investments Co. Has $25.83 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Sei Investments Co. grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,676 shares of the industrial products company’s stock after purchasing an additional 4,123 shares during the period. Sei Investments Co.’s holdings in Roper Technologies were worth $25,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after buying an additional 345,268 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Roper Technologies during the 4th quarter worth $148,070,000. Proficio Capital Partners LLC increased its holdings in 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 purchasing an additional 279,795 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Roper Technologies in the fourth quarter valued at about $69,382,000. Finally, State Street Corp boosted its stake in shares of Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after purchasing an additional 132,575 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm’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 value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Roper Technologies stock opened at $582.71 on Thursday. The stock has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock’s 50 day moving average price is $568.17 and its two-hundred day moving average price is $553.23.

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 issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

About Roper Technologies

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.