Rathbones Group PLC Boosts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Rathbones Group PLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 65.1% in the 4th quarter, HoldingsChannel reports. The firm owned 104,618 shares of the industrial products company’s stock after purchasing an additional 41,237 shares during the quarter. Rathbones Group PLC’s holdings in Roper Technologies were worth $54,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Roper Technologies during the fourth quarter worth $914,052,000. JPMorgan Chase & Co. lifted its holdings in shares of Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock valued at $531,633,000 after buying an additional 360,632 shares during the period. Wellington Management Group LLP boosted its stake in shares of Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after buying an additional 345,268 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Roper Technologies during the fourth quarter worth about $148,070,000. Finally, Proficio Capital Partners LLC raised its position in Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after acquiring an additional 279,795 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 6.5 %

NYSE:ROP opened at $541.80 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $58.18 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The stock’s fifty day moving average is $575.65 and its two-hundred day moving average is $554.66. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of the stock in a transaction 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 directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 over the last 90 days. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ROP has been the subject of several analyst reports. Truist Financial reiterated a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Barclays lowered their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Oppenheimer upped their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have assigned 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

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.