Vanguard Group Inc. Buys 72,503 Shares of Roper Technologies, Inc. (NYSE:ROP)

Vanguard Group Inc. increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,575,103 shares of the industrial products company’s stock after acquiring an additional 72,503 shares during the period. Vanguard Group Inc. owned about 9.86% of Roper Technologies worth $5,497,467,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. Thrivent Financial for Lutherans raised its holdings in Roper Technologies by 3.7% during the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock worth $4,235,000 after acquiring an additional 269 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Roper Technologies by 15.7% in the third quarter. Advisors Asset Management Inc. now owns 4,036 shares of the industrial products company’s stock valued at $2,246,000 after buying an additional 549 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Roper Technologies in the third quarter valued at approximately $570,000. Cerity Partners LLC raised its stake in Roper Technologies by 6.8% in the third quarter. Cerity Partners LLC now owns 59,092 shares of the industrial products company’s stock valued at $32,881,000 after buying an additional 3,781 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in Roper Technologies by 10.8% in the third quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company’s stock valued at $285,000 after buying an additional 50 shares during the period. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ROP shares. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Insider Buying and Selling

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The sale 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 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 $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Trading Down 0.6 %

Shares of NYSE:ROP opened at $572.18 on Monday. The company has a market capitalization 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, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business’s 50 day simple moving average is $564.14 and its 200 day simple moving average is $552.65.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 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.