Guardian Partners Inc. Invests $817,000 in Roper Technologies, Inc. (NYSE:ROP)

Guardian Partners Inc. purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,601 shares of the industrial products company's stock, valued at approximately $817,000.

A number of other large investors have also modified their holdings of ROP. Douglas Lane & Associates LLC grew its stake in Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock worth $57,005,000 after purchasing an additional 17,466 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after buying an additional 961 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of Roper Technologies by 52.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company's stock worth $2,747,000 after buying an additional 1,699 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Roper Technologies by 8.5% during the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after buying an additional 42,016 shares during the period. Finally, First Financial Bank Trust Division raised its holdings in Roper Technologies by 28.0% in the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock valued at $5,574,000 after acquiring an additional 2,343 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

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Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on 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 in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ROP shares. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Truist Financial reissued a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $629.18.

Roper Technologies Stock Performance

NYSE ROP traded down $9.91 on Friday, reaching $582.64. The stock had a trading volume of 876,467 shares, compared to its average volume of 537,622. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market cap of $62.57 billion, a P/E ratio of 40.63, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The business's 50-day moving average price is $570.85 and its 200 day moving average price is $553.70. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.78.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio is currently 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.