Fiduciary Group LLC Raises Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Fiduciary Group LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,537 shares of the industrial products company's stock after purchasing an additional 1,558 shares during the quarter. Fiduciary Group LLC's holdings in Roper Technologies were worth $2,359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ROP. Teacher Retirement System of Texas increased its holdings in shares of Roper Technologies by 52.5% in the fourth quarter. Teacher Retirement System of Texas now owns 9,858 shares of the industrial products company's stock worth $5,125,000 after purchasing an additional 3,393 shares during the period. TAP Consulting LLC increased its stake in Roper Technologies by 1.4% in the 4th quarter. TAP Consulting LLC now owns 5,676 shares of the industrial products company's stock worth $2,951,000 after acquiring an additional 79 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in Roper Technologies by 2.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 112,012 shares of the industrial products company's stock worth $58,229,000 after acquiring an additional 2,911 shares during the last quarter. Next Capital Management LLC boosted its position in shares of Roper Technologies by 53.7% during the 4th quarter. Next Capital Management LLC now owns 667 shares of the industrial products company's stock valued at $347,000 after acquiring an additional 233 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Roper Technologies by 27.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 6,311 shares of the industrial products company's stock worth $3,280,000 after purchasing an additional 1,373 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

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Roper Technologies Trading Up 0.8 %

ROP stock traded up $4.47 during midday trading on Monday, hitting $576.65. The company had a trading volume of 568,913 shares, compared to its average volume of 500,039. The stock has a market cap of $61.92 billion, a price-to-earnings ratio of 40.21, a PEG 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. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock's 50 day moving average price is $564.14 and its 200 day moving average price is $552.65.

Roper Technologies Announces Dividend

The company 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. 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 dividend payout ratio is currently 23.01%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ROP. 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 note on Tuesday, January 28th. Raymond James restated a "strong-buy" rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. Oppenheimer lifted their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Truist Financial reiterated a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $623.60.

Insider Buying and Selling

In other news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares of the company's stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % 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 over the last ninety days. 0.87% of the stock is owned by insiders.

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.