Commonwealth Equity Services LLC Acquires 260 Shares of Roper Technologies, Inc. (NYSE:ROP)

Commonwealth Equity Services LLC raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.1% during the fourth quarter, HoldingsChannel reports. The fund owned 23,306 shares of the industrial products company’s stock after purchasing an additional 260 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Roper Technologies were worth $12,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Roper Technologies in the fourth quarter worth $148,070,000. Proficio Capital Partners LLC grew its position in Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock worth $145,697,000 after acquiring an additional 279,795 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Roper Technologies in the fourth quarter worth $69,382,000. Finally, Loomis Sayles & Co. L P grew its position in Roper Technologies by 25.8% in the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after acquiring an additional 132,913 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Activity

In other news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now 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 have 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 currently owned by insiders.

Roper Technologies Price Performance

Shares of ROP opened at $576.86 on Wednesday. The stock has a market cap of $61.95 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm’s 50-day simple moving average is $560.10 and its two-hundred day simple moving average is $552.22.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. 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 several research reports. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer increased their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has an average 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.