Sagespring Wealth Partners LLC Invests $272,000 in Roper Technologies, Inc. (NYSE:ROP)

Sagespring Wealth Partners LLC purchased a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 523 shares of the industrial products company's stock, valued at approximately $272,000.

Other institutional investors have also recently bought and sold shares of the company. Optimize Financial Inc acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $1,568,000. Townsquare Capital LLC lifted its position in Roper Technologies by 15.6% in the 4th quarter. Townsquare Capital LLC now owns 2,374 shares of the industrial products company's stock valued at $1,234,000 after acquiring an additional 321 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Roper Technologies by 2.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 76,014 shares of the industrial products company's stock worth $39,519,000 after purchasing an additional 1,546 shares during the period. NFP Retirement Inc. increased its holdings in Roper Technologies by 11.1% during the 4th quarter. NFP Retirement Inc. now owns 480 shares of the industrial products company's stock worth $250,000 after purchasing an additional 48 shares in the last quarter. Finally, Heritage Trust Co acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $442,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ROP. Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Oppenheimer boosted their target price 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. Stifel Nicolaus began coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price objective for the company. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $620.73.

Roper Technologies Stock Performance

Shares of ROP stock traded up $0.97 on Friday, hitting $557.24. The company's stock had a trading volume of 343,108 shares, compared to its average volume of 552,093. 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 company has a market capitalization of $59.84 billion, a PE ratio of 38.86, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock's 50 day moving average is $570.92 and its 200-day moving average is $554.27.

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 paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. Company 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.