Motley Fool Asset Management LLC Has $2.49 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Motley Fool Asset Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,798 shares of the industrial products company's stock after buying an additional 485 shares during the period. Motley Fool Asset Management LLC's holdings in Roper Technologies were worth $2,494,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Douglas Lane & Associates LLC grew its stake in 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 acquiring an additional 17,466 shares during the period. Synovus Financial Corp grew its position in shares of 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 purchasing an additional 961 shares during the period. Nordea Investment Management AB increased its stake in Roper Technologies by 8.5% during the 4th 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 in the last quarter. First Financial Bank Trust Division raised its holdings in Roper Technologies by 28.0% during the 4th 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 during the period. Finally, Signal Advisors Wealth LLC lifted its stake in 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 buying an additional 1,719 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 6.7 %

ROP traded up $34.57 during trading on Wednesday, reaching $553.76. 1,151,378 shares of the stock were exchanged, compared to its average volume of 551,945. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock's 50 day moving average price is $573.61 and its two-hundred day moving average price is $553.91. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The stock has a market cap of $59.47 billion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies's payout ratio is 23.01%.

Analysts Set New Price Targets

A number of brokerages recently commented on ROP. Oppenheimer raised their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Stifel Nicolaus initiated coverage on Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $620.73.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares of the company's stock, 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. In the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company's stock.

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.