NEOS Investment Management LLC Raises Position in Roper Technologies, Inc. (NYSE:ROP)

NEOS Investment Management LLC lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 21.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,456 shares of the industrial products company’s stock after purchasing an additional 2,191 shares during the period. NEOS Investment Management LLC’s holdings in Roper Technologies were worth $6,475,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ROP. UniSuper Management Pty Ltd increased its position in Roper Technologies by 7.9% in the fourth quarter. UniSuper Management Pty Ltd now owns 21,437 shares of the industrial products company’s stock worth $11,144,000 after buying an additional 1,575 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Roper Technologies by 54.5% in 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. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Roper Technologies by 11.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 966,551 shares of the industrial products company’s stock worth $497,426,000 after acquiring an additional 97,706 shares during the period. Penobscot Investment Management Company Inc. lifted its holdings in Roper Technologies by 10.2% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 6,043 shares of the industrial products company’s stock valued at $3,141,000 after purchasing an additional 559 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp boosted its position in shares of Roper Technologies by 0.4% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 30,397 shares of the industrial products company’s stock worth $15,802,000 after purchasing an additional 121 shares during the period. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on ROP shares. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned 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 a consensus rating of “Moderate Buy” and an average target price of $629.18.

Roper Technologies Trading Up 1.7 %

ROP stock opened at $592.55 on Friday. The firm has a fifty day moving average price of $569.64 and a 200 day moving average price of $553.50. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.78. The firm has a market cap of $63.63 billion, a PE ratio of 41.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

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 paid a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s payout ratio is currently 23.01%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, 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 $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 in the last three months. 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.