Broadway Wealth Solutions Inc. Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Broadway Wealth Solutions Inc. bought a new position in Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 581 shares of the industrial products company’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC grew its stake in Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after buying an additional 17,466 shares during the period. Synovus Financial Corp boosted its position in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after purchasing an additional 961 shares during the period. Nordea Investment Management AB raised its position in Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after purchasing an additional 42,016 shares during the period. First Financial Bank Trust Division lifted its stake in shares of Roper Technologies by 28.0% during the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock worth $5,574,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its position in shares of Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock worth $3,023,000 after buying an additional 1,719 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

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 on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % 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 over the last three months. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 1.7 %

NYSE ROP opened at $592.55 on Friday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.78. The company has a market capitalization of $63.63 billion, a P/E ratio of 41.32, a PEG ratio of 2.77 and a beta of 1.06. The company’s 50 day simple moving average is $569.64 and its 200 day simple moving average is $553.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a research report on Thursday. They set a “buy” rating and a $685.00 price target for the company. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $629.18.

About Roper Technologies

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.