Next Capital Management LLC Has $347,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

Next Capital Management LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 53.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 667 shares of the industrial products company’s stock after acquiring an additional 233 shares during the quarter. Next Capital Management LLC’s holdings in Roper Technologies were worth $347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd increased its holdings in Roper Technologies by 27.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 6,311 shares of the industrial products company’s stock worth $3,280,000 after buying an additional 1,373 shares during the last quarter. VSM Wealth Advisory LLC bought a new position in Roper Technologies in the fourth quarter valued at approximately $26,000. Xponance Inc. grew its position in Roper Technologies by 5.2% in the fourth quarter. Xponance Inc. now owns 15,317 shares of the industrial products company’s stock valued at $7,963,000 after acquiring an additional 762 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Roper Technologies during the fourth quarter worth $1,380,000. Finally, Horizon Investments LLC raised its position in Roper Technologies by 1.9% in the fourth quarter. Horizon Investments LLC now owns 2,070 shares of the industrial products company’s stock valued at $1,074,000 after purchasing an additional 38 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, 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 report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Trading Up 0.2 %

NYSE ROP opened at $576.86 on Wednesday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. 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 firm 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 50 day moving average price of $560.10 and a 200 day moving average price of $552.22.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the firm’s 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 completion of the transaction, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

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.