Ceredex Value Advisors LLC Acquires New Holdings in Roper Technologies, Inc. (NYSE:ROP)

Ceredex Value Advisors LLC acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 66,450 shares of the industrial products company's stock, valued at approximately $34,544,000. Ceredex Value Advisors LLC owned 0.06% of Roper Technologies at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Manchester Capital Management LLC raised its stake in shares of 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 valued at $592,000 after acquiring an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC lifted its holdings 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 in the last quarter. Meridian Financial Partners LLC increased its stake 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 valued at $1,067,000 after buying an additional 20 shares during the period. Principal Securities Inc. lifted its stake in shares of Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock valued at $2,231,000 after acquiring an additional 20 shares during the period. Finally, Exchange Capital Management Inc. increased its position in Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock worth $1,426,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

Shares of ROP stock traded up $0.97 during trading on Friday, hitting $557.24. The company had a trading volume of 343,108 shares, compared to its average volume of 552,992. The stock's 50-day moving average price is $570.92 and its 200 day moving average price is $554.25. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a market capitalization of $59.84 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is currently 23.01%.

Analyst Ratings Changes

ROP has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Oppenheimer lifted their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Raymond James reiterated a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

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.