Federated Hermes Inc. Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Federated Hermes Inc. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,421 shares of the industrial products company's stock after purchasing an additional 742 shares during the period. Federated Hermes Inc.'s holdings in Roper Technologies were worth $2,818,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ROP. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the fourth quarter valued at $36,000. OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 worth $40,000 after buying an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $45,000. Institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. 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 report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies Stock Performance

ROP traded up $0.97 on Friday, reaching $557.24. 343,108 shares of the stock were exchanged, compared to its average volume of 552,690. The company's 50-day moving average price is $571.40 and its 200 day moving average price is $554.18. 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 firm has a market capitalization of $59.84 billion, a PE ratio of 38.86, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio is presently 23.01%.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. Insiders own 0.87% of the company's stock.

Roper Technologies 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.