Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 12.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 904 shares of the industrial products company’s stock after purchasing an additional 102 shares during the quarter. Larson Financial Group LLC’s holdings in Roper Technologies were worth $470,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $148,070,000. Proficio Capital Partners LLC boosted its position 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 valued at $145,697,000 after buying an additional 279,795 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Roper Technologies in the 4th quarter worth approximately $69,382,000. Finally, Loomis Sayles & Co. L P raised its position in Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after buying an additional 132,913 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Down 2.0 %

Shares of ROP stock opened at $576.45 on Tuesday. The stock has a 50 day simple moving average of $553.41 and a 200-day simple moving average of $551.43. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market cap of $61.90 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 2.77 and a beta of 1.06. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

Analysts Set New Price Targets

Several analysts have recently commented on ROP shares. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer upped their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $623.60.

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.