Strategic Investment Solutions Inc. IL Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Strategic Investment Solutions Inc. IL acquired a new stake in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 92 shares of the industrial products company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in Roper Technologies in the fourth quarter valued at approximately $914,052,000. JPMorgan Chase & Co. lifted its position in shares of Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock valued at $531,633,000 after acquiring an additional 360,632 shares during the period. Raymond James Financial Inc. bought a new position in Roper Technologies during the fourth quarter worth $148,070,000. Proficio Capital Partners LLC grew its holdings in Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock worth $145,697,000 after purchasing an additional 279,795 shares during the period. Finally, Marshall Wace LLP increased its stake in Roper Technologies by 15,719.2% in the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company’s stock valued at $114,719,000 after purchasing an additional 219,283 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.2 %

Shares of ROP stock opened at $557.24 on Friday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a 50-day simple moving average of $571.40 and a two-hundred day simple moving average of $554.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market capitalization of $59.84 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The firm 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 dividend yield of 0.59%. The ex-dividend date is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

Analyst Upgrades and Downgrades

ROP has been the subject of several research reports. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial restated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective 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, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $620.73.

Insider Buying and Selling

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated 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 owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by company insiders.

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.