Integrated Wealth Concepts LLC Has $5.16 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Integrated Wealth Concepts LLC boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,929 shares of the industrial products company's stock after acquiring an additional 1,732 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Roper Technologies were worth $5,161,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROP. Douglas Lane & Associates LLC lifted its position in shares of Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock worth $57,005,000 after buying an additional 17,466 shares during the last quarter. Synovus Financial Corp lifted its holdings in Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after purchasing an additional 961 shares during the last quarter. Nordea Investment Management AB boosted its position in 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 purchasing an additional 42,016 shares during the period. First Financial Bank Trust Division grew its holdings in Roper Technologies by 28.0% during 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 purchasing an additional 2,343 shares during the last quarter. Finally, Signal Advisors Wealth LLC raised its position in shares of Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after purchasing an additional 1,719 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on 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 owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard F. Wallman sold 351 shares of the business's 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 completion of the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last quarter. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ROP has been the subject of several recent analyst reports. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday. JPMorgan Chase & Co. raised their price target on Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a research report on Tuesday. Truist Financial reissued a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird raised their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Oppenheimer reiterated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $620.91.

Roper Technologies Stock Performance

Roper Technologies stock traded up $4.22 on Tuesday, hitting $556.17. The company's stock had a trading volume of 716,454 shares, compared to its average volume of 552,593. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market cap of $59.72 billion, a P/E ratio of 38.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $568.40 and a 200-day moving average price of $554.64.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.41 EPS. On average, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's dividend payout ratio is currently 23.01%.

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.