RFG Bristol Wealth Advisors LLC Takes Position in Roper Technologies, Inc. (NYSE:ROP)

RFG Bristol Wealth Advisors LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 726 shares of the industrial products company’s stock, valued at approximately $378,000.

Several other institutional investors have also bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies in the 4th quarter worth about $36,000. E Fund Management Hong Kong Co. Ltd. raised its stake in 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 acquiring an additional 75 shares during the period. OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.1 %

Shares of ROP opened at $590.36 on Thursday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market capitalization of $63.40 billion, a P/E ratio of 41.17, a P/E/G 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. The firm’s 50 day simple moving average is $574.51 and its 200 day simple moving average is $554.54.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent research reports. Raymond James restated a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Truist Financial restated a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Stifel Nicolaus initiated coverage on Roper Technologies in a report on Thursday, March 27th. They set a “buy” rating and a $685.00 price objective on the stock. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $629.18.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % 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 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.