United Capital Financial Advisors LLC Raises Position in Roper Technologies, Inc. (NYSE:ROP)

United Capital Financial Advisors LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,705 shares of the industrial products company's stock after buying an additional 2,689 shares during the period. United Capital Financial Advisors LLC's holdings in Roper Technologies were worth $20,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the fourth quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the 4th quarter valued at $36,000. OFI Invest Asset Management bought a new stake in Roper Technologies in the fourth quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Roper Technologies by 7,500.0% during the 4th 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 in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Roper Technologies in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares of the company's stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Performance

ROP stock traded up $0.97 during mid-day trading on Friday, hitting $557.24. The company had a trading volume of 343,108 shares, compared to its average volume of 552,992. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock's fifty day moving average price is $570.92 and its two-hundred day moving average price is $554.25. The firm has a market cap of $59.84 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders 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 yield of 0.59%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reiterated a "strong-buy" rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies Company 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.