Fox Run Management L.L.C. Invests $1.13 Million in Roper Technologies, Inc. (NYSE:ROP)

Fox Run Management L.L.C. bought a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,166 shares of the industrial products company's stock, valued at approximately $1,126,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ROP. Wellington Management Group LLP lifted its position in Roper Technologies by 87.8% in the third 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. Raymond James Financial Inc. bought a new stake in Roper Technologies during the 4th quarter valued at $148,070,000. Proficio Capital Partners LLC boosted its position in Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after buying an additional 279,795 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Roper Technologies in the 4th quarter worth $69,382,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of Roper Technologies by 25.8% during the third 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 during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company'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 sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROP. Truist Financial restated a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Barclays dropped 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. Finally, Stifel Nicolaus started coverage on shares of Roper Technologies in a research report on Thursday. They set a "buy" rating and a $685.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $629.18.

Roper Technologies Stock Up 1.7 %

Shares of ROP traded up $9.84 on Thursday, hitting $592.55. 627,319 shares of the stock traded hands, compared to its average volume of 500,149. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a market capitalization of $63.63 billion, a PE ratio of 41.32, a P/E/G ratio of 2.77 and a beta of 1.06. The business has a 50 day simple moving average of $568.17 and a 200 day simple moving average of $553.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Roper Technologies Company 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.