Rockefeller Capital Management L.P. Acquires 1,546 Shares of Roper Technologies, Inc. (NYSE:ROP)

Rockefeller Capital Management L.P. increased its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,014 shares of the industrial products company's stock after buying an additional 1,546 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.07% of Roper Technologies worth $39,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Douglas Lane & Associates LLC increased its holdings 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 valued at $57,005,000 after purchasing an additional 17,466 shares during the last quarter. Synovus Financial Corp raised 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 valued at $3,265,000 after acquiring an additional 961 shares during the period. Nordea Investment Management AB boosted its holdings 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 acquiring an additional 42,016 shares during the period. First Financial Bank Trust Division lifted its holdings in shares of 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 worth $5,574,000 after buying an additional 2,343 shares in the last quarter. Finally, Signal Advisors Wealth LLC increased its position in Roper Technologies by 42.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock worth $3,023,000 after acquiring an additional 1,719 shares during the period. 93.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROP. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Barclays decreased their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus began coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price on the stock. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Truist Financial restated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $620.73.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of 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 transaction 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 dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by insiders.

Roper Technologies Trading Up 0.2 %

NYSE ROP traded up $0.97 on Friday, reaching $557.24. The company had a trading volume of 343,108 shares, compared to its average volume of 552,690. The business has a 50 day moving average of $571.40 and a two-hundred day moving average of $554.18. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market cap of $59.84 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 2.77 and a beta of 1.04. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, April 4th. Roper Technologies's payout ratio is presently 23.01%.

About Roper Technologies

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.