Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by TAP Consulting LLC

TAP Consulting LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,676 shares of the industrial products company’s stock after acquiring an additional 79 shares during the period. TAP Consulting LLC’s holdings in Roper Technologies were worth $2,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROP. Manchester Capital Management LLC increased its stake in shares of Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC increased its position in shares of Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after purchasing an additional 20 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after purchasing an additional 20 shares in the last quarter. Exchange Capital Management Inc. grew its stake in shares of Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock worth $1,426,000 after purchasing an additional 20 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in Roper Technologies by 1.1% in the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock valued at $1,011,000 after buying an additional 21 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ROP shares. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. 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. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 351 shares of the firm’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 sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.2 %

Shares of NYSE:ROP opened at $577.83 on Thursday. The company has a market capitalization of $62.05 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.77 and a beta of 1.06. The stock’s fifty day simple moving average is $561.45 and its 200-day simple moving average is $552.40. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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

Roper Technologies Company 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.