Roper Technologies, Inc. (NYSE:ROP) Position Increased by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 632.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,483 shares of the industrial products company’s stock after purchasing an additional 20,277 shares during the period. Roper Technologies accounts for about 0.4% of Quantbot Technologies LP’s investment portfolio, making the stock its 25th biggest holding. Quantbot Technologies LP’s holdings in Roper Technologies were worth $12,208,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sciencast Management LP acquired a new position in shares of Roper Technologies during the 4th quarter worth about $731,000. Oxford Financial Group LTD. LLC lifted its position in shares of Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock worth $309,000 after buying an additional 18 shares during the period. Antonelli Financial Advisors LLC acquired a new stake in shares of Roper Technologies in the 4th quarter valued at $210,000. Ballast Advisors LLC grew its stake in Roper Technologies by 6.6% during the fourth quarter. Ballast Advisors LLC now owns 1,765 shares of the industrial products company’s stock worth $918,000 after buying an additional 109 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC increased its holdings in Roper Technologies by 0.5% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 205,627 shares of the industrial products company’s stock valued at $106,895,000 after purchasing an additional 1,065 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of a number of research analyst reports. Oppenheimer boosted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays dropped 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. Finally, 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 report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Stock Down 0.6 %

Shares of NYSE ROP opened at $562.88 on Friday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The stock has a market capitalization of $60.44 billion, a P/E ratio of 39.25, 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 company has a 50-day moving average price of $556.24 and a 200-day moving average price of $551.74.

Roper Technologies Dividend Announcement

The company also recently announced 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 of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was 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 owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 in the last 90 days. 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.