Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Whittier Trust Co.

Whittier Trust Co. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,603 shares of the industrial products company’s stock after purchasing an additional 80 shares during the period. Whittier Trust Co.’s holdings in Roper Technologies were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ROP. Empowered Funds LLC lifted its holdings in Roper Technologies by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock worth $1,173,000 after buying an additional 220 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Roper Technologies by 3.7% during the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock worth $4,235,000 after purchasing an additional 269 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in Roper Technologies by 0.4% in the third quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company’s stock valued at $8,265,000 after purchasing an additional 66 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after purchasing an additional 1,789 shares during the last quarter. Finally, Commerce Bank raised its holdings in Roper Technologies by 3.1% during the third quarter. Commerce Bank now owns 6,538 shares of the industrial products company’s stock worth $3,638,000 after purchasing an additional 195 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.6 %

NYSE:ROP opened at $572.18 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $564.14 and its 200-day simple moving average is $552.68. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a market cap of $61.44 billion, a P/E ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s payout ratio is currently 23.01%.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ROP. Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. Finally, Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (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 issued a hold rating, six have assigned a buy rating and two have issued 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 an average price target 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.