Rathbones Group PLC Acquires 41,237 Shares of Roper Technologies, Inc. (NYSE:ROP)

Rathbones Group PLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,618 shares of the industrial products company's stock after buying an additional 41,237 shares during the quarter. Rathbones Group PLC owned 0.10% of Roper Technologies worth $54,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. grew its holdings in Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after purchasing an additional 31,531 shares during the period. FMR LLC grew its stake in shares of Roper Technologies by 8.3% during the 4th quarter. FMR LLC now owns 391,120 shares of the industrial products company's stock worth $203,324,000 after acquiring an additional 29,880 shares during the period. Benchmark Investment Advisors LLC raised its stake in Roper Technologies by 13.3% in the 4th quarter. Benchmark Investment Advisors LLC now owns 5,405 shares of the industrial products company's stock valued at $2,810,000 after acquiring an additional 634 shares during the period. Federated Hermes Inc. lifted its holdings in Roper Technologies by 15.9% during the fourth quarter. Federated Hermes Inc. now owns 5,421 shares of the industrial products company's stock valued at $2,818,000 after purchasing an additional 742 shares during the last quarter. Finally, Waterloo Capital L.P. boosted its position in Roper Technologies by 5.0% during the fourth quarter. Waterloo Capital L.P. now owns 3,063 shares of the industrial products company's stock worth $1,593,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Up 1.9 %

Shares of NYSE:ROP traded up $10.56 on Friday, reaching $560.16. 669,052 shares of the company traded hands, compared to its average volume of 554,866. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. 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 business's 50-day simple moving average is $572.72 and its 200 day simple moving average is $553.98. The stock has a market capitalization of $60.15 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's payout ratio is currently 23.01%.

Analyst Ratings Changes

Several research analysts recently commented on ROP shares. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reiterated a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set 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 target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a report on Tuesday. One 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $620.73.

Insider Transactions at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company's stock.

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.