Rathbones Group PLC Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Rathbones Group PLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 65.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,618 shares of the industrial products company’s stock after purchasing an additional 41,237 shares during the quarter. Rathbones Group PLC owned about 0.10% of Roper Technologies worth $54,386,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies during the 4th quarter valued at about $26,000. CoreFirst Bank & Trust bought a new position in Roper Technologies in the 4th quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the fourth quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. raised its position in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth approximately $45,000. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction 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. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, 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. Insiders have sold 8,101 shares of company stock valued at $4,712,045 in the last quarter. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ROP shares. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus assumed coverage on shares of Roper Technologies in a report on Thursday, March 27th. They set a “buy” rating and a $685.00 target price for the company. 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 research note on Friday, January 31st. Finally, Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $629.18.

Roper Technologies Stock Performance

NYSE ROP opened at $541.80 on Monday. The company has a market cap of $58.18 billion, a P/E ratio of 37.78, a P/E/G ratio of 2.77 and a beta of 1.04. The business’s 50 day moving average price is $575.65 and its 200-day moving average price is $554.66. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.61%. Roper Technologies’s dividend payout ratio is 23.01%.

Roper Technologies 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.