Guardian Partners Inc. Acquires Shares of 1,601 Roper Technologies, Inc. (NYSE:ROP)

Guardian Partners Inc. acquired a new stake in Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,601 shares of the industrial products company’s stock, valued at approximately $817,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Wellington Management Group LLP boosted its position in Roper Technologies by 87.8% in 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 buying an additional 345,268 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Roper Technologies in the 4th quarter valued at about $148,070,000. Proficio Capital Partners LLC boosted its position in Roper Technologies by 59,278.6% in the 4th 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 bought a new position in shares of Roper Technologies during the fourth quarter worth about $69,382,000. Finally, Loomis Sayles & Co. L P lifted its position in shares of Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after purchasing an additional 132,913 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, 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 value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

ROP opened at $572.18 on Monday. The company’s 50-day moving average price is $564.14 and its 200 day moving average price is $552.65. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market cap of $61.44 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s payout ratio is currently 23.01%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial reaffirmed a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.