Raymond James Financial Inc. Makes New $148.07 Million Investment in Roper Technologies, Inc. (NYSE:ROP)

Raymond James Financial Inc. bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 284,833 shares of the industrial products company's stock, valued at approximately $148,070,000. Raymond James Financial Inc. owned about 0.27% of Roper Technologies at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its holdings in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Roper Technologies in the 4th quarter worth approximately $45,000. Ameliora Wealth Management Ltd. bought a new position in Roper Technologies in the 4th quarter worth approximately $49,000. J.Safra Asset Management Corp grew its holdings in Roper Technologies by 113.0% in the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock worth $51,000 after buying an additional 52 shares in the last quarter. Finally, Global Wealth Strategies & Associates grew its holdings in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after buying an additional 33 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 in the last three months. 0.87% of the stock is currently owned by company insiders.

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Roper Technologies Price Performance

Shares of NYSE:ROP traded up $0.09 on Friday, reaching $588.38. 462,663 shares of the company traded hands, compared to its average volume of 496,449. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company's 50 day moving average is $552.27 and its 200-day moving average is $551.22. The stock has a market capitalization of $63.18 billion, a PE ratio of 41.03, a P/E/G ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies Announces Dividend

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

Analysts Set New Price Targets

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

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.