Harvest Fund Management Co. Ltd Buys 1,373 Shares of Roper Technologies, Inc. (NYSE:ROP)

Harvest Fund Management Co. Ltd boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 27.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,311 shares of the industrial products company's stock after buying an additional 1,373 shares during the period. Harvest Fund Management Co. Ltd's holdings in Roper Technologies were worth $3,280,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Empowered Funds LLC boosted its stake in Roper Technologies by 11.7% during the third quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company's stock worth $1,173,000 after acquiring an additional 220 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Roper Technologies by 3.7% in the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company's stock worth $4,235,000 after acquiring an additional 269 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in shares of Roper Technologies by 12.0% in the third quarter. Cassaday & Co Wealth Management LLC now owns 421 shares of the industrial products company's stock worth $234,000 after acquiring an additional 45 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Roper Technologies by 0.4% during the third quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company's stock valued at $8,265,000 after acquiring an additional 66 shares in the last quarter. Finally, Tranquility Partners LLC raised its position in shares of Roper Technologies by 33.0% in the 3rd quarter. Tranquility Partners LLC now owns 1,321 shares of the industrial products company's stock worth $735,000 after purchasing an additional 328 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

ROP has been the subject of a number of analyst reports. Oppenheimer raised their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. Barclays cut their target price 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. Raymond James restated a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $623.60.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the company'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 owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

Shares of ROP stock traded down $3.27 on Friday, reaching $572.18. The company's stock had a trading volume of 879,748 shares, compared to its average volume of 499,762. The company has a market capitalization of $61.44 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The stock's fifty day simple moving average is $564.14 and its 200-day simple moving average is $552.69. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio 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.