Beck Mack & Oliver LLC Purchases 5,664 Shares of Roper Technologies, Inc. (NYSE:ROP)

Beck Mack & Oliver LLC raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,814 shares of the industrial products company's stock after buying an additional 5,664 shares during the period. Roper Technologies comprises approximately 2.1% of Beck Mack & Oliver LLC's investment portfolio, making the stock its 16th biggest position. Beck Mack & Oliver LLC owned approximately 0.20% of Roper Technologies worth $112,191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ROP. Norges Bank purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $914,052,000. JPMorgan Chase & Co. grew its stake in Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after acquiring an additional 360,632 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $148,070,000. Proficio Capital Partners LLC grew its position in Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after purchasing an additional 279,795 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Roper Technologies by 15,719.2% during the 4th quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock valued at $114,719,000 after acquiring an additional 219,283 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

ROP traded down $0.22 during midday trading on Wednesday, reaching $551.08. The company's stock had a trading volume of 623,299 shares, compared to its average volume of 660,322. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $569.93 and a 200 day simple moving average of $554.24. The stock has a market cap of $59.18 billion, a P/E ratio of 38.43, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Activity

In related news, 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 value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction dated 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 owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James reissued a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Stifel Nicolaus assumed coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $620.73.

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.