Roper Technologies, Inc. (NYSE:ROP) is Coalescence Partners Investment Management LP's 8th Largest Position

Coalescence Partners Investment Management LP grew its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 30,195 shares of the industrial products company's stock after buying an additional 6,922 shares during the quarter. Roper Technologies makes up about 5.9% of Coalescence Partners Investment Management LP's investment portfolio, making the stock its 8th largest holding. Coalescence Partners Investment Management LP's holdings in Roper Technologies were worth $15,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. Larson Financial Group LLC raised its holdings in Roper Technologies by 12.7% in the fourth quarter. Larson Financial Group LLC now owns 904 shares of the industrial products company's stock worth $470,000 after purchasing an additional 102 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Roper Technologies by 8.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 254,957 shares of the industrial products company's stock worth $142,783,000 after buying an additional 20,349 shares during the period. Andra AP fonden bought a new position in shares of Roper Technologies in the 4th quarter worth about $2,183,000. Edgestream Partners L.P. lifted its position in Roper Technologies by 513.5% during the 4th quarter. Edgestream Partners L.P. now owns 14,878 shares of the industrial products company's stock valued at $7,734,000 after acquiring an additional 12,453 shares during the period. Finally, Callan Family Office LLC bought a new stake in Roper Technologies during the fourth quarter worth about $534,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

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Insider Activity

In other news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last three months. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research reports. 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 note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Raymond James reissued a "strong-buy" rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $623.60.

Roper Technologies Stock Up 0.0 %

Roper Technologies stock traded up $0.09 during trading hours on Friday, hitting $588.38. The stock had a trading volume of 462,663 shares, compared to its average volume of 496,449. 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 stock has a market capitalization of $63.18 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The stock's 50-day moving average price is $552.27 and its 200-day moving average price is $551.22.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. Roper Technologies's payout ratio is 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.