FMR LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 391,120 shares of the industrial products company's stock after acquiring an additional 29,880 shares during the quarter. FMR LLC owned about 0.36% of Roper Technologies worth $203,324,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Roper Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after buying an additional 72,503 shares during the period. Geode Capital Management LLC boosted its stake in Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after purchasing an additional 29,184 shares during the period. Norges Bank acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $914,052,000. JPMorgan Chase & Co. boosted its position in shares of Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after buying an additional 360,632 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Roper Technologies by 11.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 966,551 shares of the industrial products company's stock valued at $497,426,000 after buying an additional 97,706 shares during the last quarter. Institutional investors own 93.31% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on ROP shares. Raymond James reiterated a "strong-buy" rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus initiated coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.
View Our Latest Stock Analysis on Roper Technologies
Roper Technologies Stock Performance
ROP stock traded up $0.97 during mid-day trading on Friday, hitting $557.24. 343,108 shares of the company were exchanged, compared to its average volume of 552,690. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The business has a 50 day simple moving average of $571.40 and a 200-day simple moving average of $554.18. 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 has a market capitalization of $59.84 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio is 23.01%.
Insiders Place Their Bets
In related news, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company's stock, 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 have sold 8,101 shares of company stock worth $4,712,045 in the last 90 days. Company insiders own 0.87% of the company's stock.
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.
Featured Articles
Before you consider Roper Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roper Technologies wasn't on the list.
While Roper Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
