Xponance Inc. Grows Stake in Roper Technologies, Inc. (NYSE:ROP)

Xponance Inc. raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,317 shares of the industrial products company's stock after purchasing an additional 762 shares during the quarter. Xponance Inc.'s holdings in Roper Technologies were worth $7,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ROP. Empowered Funds LLC increased its holdings in shares of Roper Technologies by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company's stock valued at $1,173,000 after purchasing an additional 220 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Roper Technologies by 3.7% in the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company's stock valued at $4,235,000 after buying an additional 269 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Roper Technologies by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company's stock valued at $8,265,000 after acquiring an additional 66 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Roper Technologies by 59.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company's stock worth $69,000 after acquiring an additional 46 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Roper Technologies by 3.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,168 shares of the industrial products company's stock worth $1,206,000 after acquiring an additional 82 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company's 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 sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % 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 valued at $4,712,045 over the last quarter. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ROP. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Oppenheimer lifted their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Raymond James reissued a "strong-buy" rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $623.60.

Roper Technologies Trading Up 0.8 %

Shares of Roper Technologies stock traded up $4.47 during trading hours on Monday, reaching $576.65. 568,913 shares of the company's stock were exchanged, compared to its average volume of 500,039. The firm has a market capitalization of $61.92 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a fifty day moving average of $564.14 and a 200-day moving average of $552.65.

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 issued a $0.825 dividend. 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 0.57%. Roper Technologies's payout ratio is 23.01%.

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.