ICW Investment Advisors LLC Acquires 167 Shares of Roper Technologies, Inc. (NYSE:ROP)

ICW Investment Advisors LLC lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,445 shares of the industrial products company’s stock after purchasing an additional 167 shares during the quarter. ICW Investment Advisors LLC’s holdings in Roper Technologies were worth $751,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the period. Stevens Capital Management LP bought a new position in shares of Roper Technologies during the fourth quarter worth approximately $242,000. LPL Financial LLC increased its holdings in shares of Roper Technologies by 15.9% during the fourth quarter. LPL Financial LLC now owns 69,331 shares of the industrial products company’s stock worth $36,042,000 after purchasing an additional 9,510 shares during the period. Guardian Partners Inc. acquired a new stake in shares of Roper Technologies during the 4th quarter worth approximately $817,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Roper Technologies during the 4th quarter worth approximately $1,126,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Down 0.6 %

ROP opened at $572.18 on Monday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $61.44 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a fifty day moving average price of $564.14 and a two-hundred day moving average price of $552.65.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several analyst reports. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the business’s 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 transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate 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.