Callan Family Office LLC Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Callan Family Office LLC acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,028 shares of the industrial products company's stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. CWA Asset Management Group LLC acquired a new position in Roper Technologies in the 3rd quarter valued at $395,000. Assetmark Inc. grew its holdings in Roper Technologies by 7.6% in the 3rd quarter. Assetmark Inc. now owns 11,684 shares of the industrial products company's stock valued at $6,501,000 after buying an additional 824 shares in the last quarter. First Personal Financial Services grew its holdings in Roper Technologies by 10.8% in the 3rd quarter. First Personal Financial Services now owns 410 shares of the industrial products company's stock valued at $228,000 after buying an additional 40 shares in the last quarter. Carr Financial Group Corp grew its holdings in Roper Technologies by 15.2% in the 3rd quarter. Carr Financial Group Corp now owns 576 shares of the industrial products company's stock valued at $320,000 after buying an additional 76 shares in the last quarter. Finally, XML Financial LLC grew its holdings in shares of Roper Technologies by 4.9% during the 3rd quarter. XML Financial LLC now owns 961 shares of the industrial products company's stock worth $535,000 after purchasing an additional 45 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of ROP stock traded up $0.67 on Wednesday, hitting $566.42. 620,947 shares of the company's stock were exchanged, compared to its average volume of 498,321. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock has a market cap of $60.83 billion, a P/E ratio of 39.50, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a 50 day moving average of $555.26 and a 200 day moving average of $551.66.

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Roper Technologies Dividend Announcement

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 given a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

ROP has been the topic of several analyst reports. Truist Financial reissued a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reissued a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $623.60.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. This represents 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. 0.87% of the stock is currently owned by insiders.

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.