AlphaQuest LLC Purchases Shares of 1,729 Roper Technologies, Inc. (NYSE:ROP)

AlphaQuest LLC acquired a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,729 shares of the industrial products company's stock, valued at approximately $899,000.

Other institutional investors have also recently bought and sold shares of the company. Manchester Capital Management LLC grew its position in Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock valued at $592,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC raised its holdings in shares of Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock worth $1,067,000 after purchasing an additional 20 shares during the period. Principal Securities Inc. lifted its stake in Roper Technologies by 0.5% in the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock valued at $2,231,000 after purchasing an additional 20 shares during the last quarter. Exchange Capital Management Inc. grew its holdings in Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock valued at $1,426,000 after purchasing an additional 20 shares during the period. Finally, PFG Investments LLC increased its position in Roper Technologies by 1.1% in the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company's stock worth $1,011,000 after buying an additional 21 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

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Analyst Ratings Changes

ROP has been the subject of several recent research reports. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reiterated a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and a consensus price target of $623.60.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Up 0.0 %

Shares of ROP stock traded up $0.01 during midday trading on Wednesday, reaching $565.76. 226,195 shares of the stock were exchanged, compared to its average volume of 651,220. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market cap of $60.75 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company's 50 day moving average is $554.32 and its two-hundred day moving average is $551.56.

Roper Technologies Dividend Announcement

The company also recently disclosed 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 yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 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.