Coalescence Partners Investment Management LP Purchases 6,922 Shares of Roper Technologies, Inc. (NYSE:ROP)

Coalescence Partners Investment Management LP lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 29.7% in the 4th quarter, Holdings Channel reports. The firm owned 30,195 shares of the industrial products company’s stock after purchasing an additional 6,922 shares during the quarter. Roper Technologies accounts for approximately 5.9% of Coalescence Partners Investment Management LP’s portfolio, making the stock its 8th biggest position. Coalescence Partners Investment Management LP’s holdings in Roper Technologies were worth $15,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Roper Technologies in the 4th quarter valued at about $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies during the 4th quarter worth $49,000. J.Safra Asset Management Corp grew its holdings in Roper Technologies by 113.0% in the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock valued at $51,000 after buying an additional 52 shares during the period. Finally, Global Wealth Strategies & Associates increased its position in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were 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 of the company’s stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. 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 90 days. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Up 0.0 %

ROP stock opened at $588.38 on Friday. The business has a fifty day moving average of $552.27 and a 200-day moving average of $551.22. The company has a market cap of $63.18 billion, a P/E ratio of 41.03, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio is presently 23.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ROP shares. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reiterated 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

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.