Douglass Winthrop Advisors LLC Buys 1,065 Shares of Roper Technologies, Inc. (NYSE:ROP)

Douglass Winthrop Advisors LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,627 shares of the industrial products company's stock after purchasing an additional 1,065 shares during the quarter. Roper Technologies comprises about 2.1% of Douglass Winthrop Advisors LLC's holdings, making the stock its 19th biggest holding. Douglass Winthrop Advisors LLC owned about 0.19% of Roper Technologies worth $106,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. VSM Wealth Advisory LLC bought a new stake in Roper Technologies during the 4th quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new position in Roper Technologies in the 4th quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth $45,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies in the fourth quarter worth $49,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock traded up $2.42 during mid-day trading on Tuesday, reaching $579.07. 735,469 shares of the company's stock traded hands, compared to its average volume of 499,934. 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 $62.18 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The firm has a 50 day moving average price of $565.51 and a two-hundred day moving average price of $552.80.

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Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given 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 0.57%. Roper Technologies's payout ratio is currently 23.01%.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the business'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 transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

ROP has been the subject of several research analyst reports. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Raymond James reiterated a "strong-buy" rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer lifted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $623.60.

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.