Eos Management L.P. lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 124.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,324 shares of the industrial products company's stock after buying an additional 4,623 shares during the quarter. Roper Technologies makes up 1.8% of Eos Management L.P.'s investment portfolio, making the stock its 13th largest position. Eos Management L.P.'s holdings in Roper Technologies were worth $4,327,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Roper Technologies during the fourth quarter worth approximately $148,070,000. Proficio Capital Partners LLC increased its position in shares of Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after acquiring an additional 279,795 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Roper Technologies in the 4th quarter valued at $69,382,000. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock valued at $360,811,000 after acquiring an additional 132,913 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
ROP stock traded up $2.63 on Wednesday, reaching $568.38. The company's stock had a trading volume of 274,344 shares, compared to its average volume of 496,867. The firm has a fifty day moving average of $554.32 and a two-hundred day moving average of $551.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $61.03 billion, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.
Roper Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. 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 (DPR) is 23.01%.
Insider Activity at Roper Technologies
In related news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have commented on ROP shares. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Truist Financial reaffirmed a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $623.60.
Check Out Our Latest Report on Roper Technologies
About Roper Technologies
(
Free Report)
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.
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