Applied Finance Capital Management LLC Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Applied Finance Capital Management LLC increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,464 shares of the industrial products company's stock after purchasing an additional 1,917 shares during the quarter. Roper Technologies makes up 2.4% of Applied Finance Capital Management LLC's portfolio, making the stock its 8th biggest position. Applied Finance Capital Management LLC owned 0.10% of Roper Technologies worth $55,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies in the fourth quarter valued at about $36,000. OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Roper Technologies by 7,500.0% during 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 period. Finally, Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $45,000. 93.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROP. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus assumed coverage on Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price target on the stock. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

Remove Ads

Insider Buying and Selling

In other 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 completion of the sale, the director now owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at $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. In the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

ROP traded up $10.56 on Friday, reaching $560.16. The company had a trading volume of 669,052 shares, compared to its average volume of 554,723. The stock has a market cap of $60.15 billion, a P/E ratio of 39.06, a P/E/G ratio of 2.77 and a beta of 1.04. 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, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company's fifty day moving average is $572.72 and its 200 day moving average is $553.99.

Roper Technologies Announces Dividend

The company 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 0.59%. Roper Technologies's dividend payout ratio (DPR) is currently 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.