Bryce Point Capital LLC Acquires New Stake in Roper Technologies, Inc. (NYSE:ROP)

Bryce Point Capital LLC purchased a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,770 shares of the industrial products company's stock, valued at approximately $1,440,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC grew its holdings in Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock worth $592,000 after purchasing an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC grew its stake in Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC increased its position in Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after buying an additional 20 shares in the last quarter. Principal Securities Inc. boosted its holdings 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 worth $2,231,000 after acquiring an additional 20 shares in the last quarter. Finally, Exchange Capital Management Inc. grew its stake in shares of 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 worth $1,426,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Friday, January 31st. The stock was 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 directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 value of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company's stock.

Roper Technologies Trading Down 2.9 %

Shares of ROP traded down $15.54 during midday trading on Monday, reaching $526.26. The company had a trading volume of 375,696 shares, compared to its average volume of 656,141. The firm has a 50 day simple moving average of $575.65 and a 200-day simple moving average of $554.66. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $56.51 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio is presently 23.01%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ROP. JPMorgan Chase & Co. lifted their target price 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. Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $629.18.

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.