SageView Advisory Group LLC Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

SageView Advisory Group LLC increased its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 132.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 893 shares of the industrial products company's stock after purchasing an additional 509 shares during the period. SageView Advisory Group LLC's holdings in Roper Technologies were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the fourth quarter worth $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies in the fourth quarter valued at $36,000. OFI Invest Asset Management bought a new position in Roper Technologies in the 4th quarter valued at about $38,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in Roper Technologies in the 4th quarter valued at $45,000. Institutional investors own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction that occurred 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 $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ROP shares. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Truist Financial reaffirmed a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. One equities research 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 stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies Trading Up 0.2 %

Shares of NYSE:ROP traded up $0.97 during midday trading on Friday, reaching $557.24. The company's stock had a trading volume of 343,108 shares, compared to its average volume of 552,992. The firm has a market capitalization of $59.84 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 2.77 and a beta of 1.04. The firm has a 50 day moving average price of $570.92 and a two-hundred day moving average price of $554.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

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 paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend 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.