Fiduciary Alliance LLC Buys Shares of 2,369 Roper Technologies, Inc. (NYSE:ROP)

Fiduciary Alliance LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,369 shares of the industrial products company's stock, valued at approximately $1,232,000.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its position in Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock valued at $2,632,199,000 after purchasing an additional 132,575 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Roper Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock valued at $1,357,162,000 after buying an additional 51,131 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Roper Technologies by 3.1% during the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock valued at $630,749,000 after acquiring an additional 33,544 shares in the last quarter. Legal & General Group Plc lifted its position in Roper Technologies by 7.6% in the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company's stock valued at $515,467,000 after acquiring an additional 64,565 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake 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 valued at $410,977,000 after purchasing an additional 345,268 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of research analyst reports. Truist Financial reaffirmed a "buy" rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Oppenheimer started coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an "outperform" rating and a $630.00 target price on the stock. Finally, Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $623.33.

Roper Technologies Price Performance

ROP stock traded up $2.69 during trading on Tuesday, reaching $510.69. The company's stock had a trading volume of 535,826 shares, compared to its average volume of 670,914. The company's fifty day moving average is $542.32 and its 200-day moving average is $547.05. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09. The company has a market capitalization of $54.76 billion, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the firm earned $4.32 EPS. The firm's revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.65%. Roper Technologies's dividend payout ratio (DPR) is presently 24.14%.

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.