Tower Research Capital LLC TRC Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

Tower Research Capital LLC TRC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 161.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,826 shares of the industrial products company's stock after acquiring an additional 6,693 shares during the period. Tower Research Capital LLC TRC's holdings in Roper Technologies were worth $5,628,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC lifted its holdings in shares of Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock worth $57,005,000 after acquiring an additional 17,466 shares during the period. Synovus Financial Corp increased its holdings in shares of Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after buying an additional 961 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after buying an additional 42,016 shares during the period. First Financial Bank Trust Division boosted its holdings in Roper Technologies by 28.0% in the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock valued at $5,574,000 after acquiring an additional 2,343 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew 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 valued at $3,023,000 after acquiring an additional 1,719 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Down 0.4 %

Roper Technologies stock traded down $1.96 during mid-day trading on Friday, reaching $557.70. The stock had a trading volume of 671,002 shares, compared to its average volume of 660,720. The firm has a market capitalization of $59.89 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The stock's 50-day simple moving average is $569.20 and its 200-day simple moving average is $554.37. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's payout ratio is 23.01%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ROP. Raymond James reiterated a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus initiated coverage on Roper Technologies in a research note on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price for the company. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer boosted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $620.73.

Insider Activity at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction on 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 directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Profile

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.