Xponance Inc. Has $7.96 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Xponance Inc. raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,317 shares of the industrial products company’s stock after purchasing an additional 762 shares during the quarter. Xponance Inc.’s holdings in Roper Technologies were worth $7,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $38,000. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $45,000. Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $49,000. Finally, J.Safra Asset Management Corp lifted its holdings in shares of Roper Technologies by 113.0% in the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity

In other 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 transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 in the last ninety days. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Finally, Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Trading Up 0.2 %

Shares of Roper Technologies stock opened at $577.83 on Thursday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market cap of $62.05 billion, a PE ratio of 40.29, a P/E/G ratio of 2.77 and a beta of 1.06. The stock has a fifty day moving average price of $561.45 and a 200-day moving average price of $552.40. 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 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 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

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.