Whittier Trust Co. Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Whittier Trust Co. boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,603 shares of the industrial products company’s stock after buying an additional 80 shares during the period. Whittier Trust Co.’s holdings in Roper Technologies were worth $1,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $26,000. OFI Invest Asset Management purchased a new position in Roper Technologies during the 4th quarter valued at about $38,000. E Fund Management Hong Kong Co. Ltd. raised its position in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $45,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $49,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Down 0.6 %

Shares of NYSE ROP opened at $572.18 on Friday. The stock has a fifty day moving average price of $564.14 and a 200 day moving average price of $552.68. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market cap of $61.44 billion, a P/E ratio of 39.90, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued 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 0.58%. Roper Technologies’s payout ratio is currently 23.01%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated 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 directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ROP. JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays reduced 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, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

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.