Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,898 shares of the industrial products company’s stock after purchasing an additional 50 shares during the period. Avantax Advisory Services Inc.’s holdings in Roper Technologies were worth $2,027,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in Roper Technologies by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock worth $1,173,000 after buying an additional 220 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Roper Technologies by 3.7% during the 3rd 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 during the period. Swiss National Bank grew its stake in shares of Roper Technologies by 0.3% in the third quarter. Swiss National Bank now owns 317,700 shares of the industrial products company’s stock worth $176,781,000 after purchasing an additional 800 shares in the last quarter. Taurus Asset Management LLC increased its holdings in shares of Roper Technologies by 4.7% during the third quarter. Taurus Asset Management LLC now owns 21,675 shares of the industrial products company’s stock valued at $12,061,000 after purchasing an additional 965 shares during the period. Finally, Capital City Trust Co. FL raised its stake in shares of Roper Technologies by 2.7% during the third quarter. Capital City Trust Co. FL now owns 9,825 shares of the industrial products company’s stock valued at $5,467,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of a number of recent analyst reports. Barclays decreased their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on 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 sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 1.1 %

Shares of Roper Technologies stock opened at $575.59 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.40 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 firm has a market capitalization of $61.81 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The stock’s fifty day moving average is $558.70 and its 200-day moving average is $552.06.

Roper Technologies Dividend Announcement

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