Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by SlateStone Wealth LLC

SlateStone Wealth LLC raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,885 shares of the industrial products company’s stock after acquiring an additional 60 shares during the quarter. SlateStone Wealth LLC’s holdings in Roper Technologies were worth $980,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 acquiring an additional 75 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the 4th quarter worth about $38,000. Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth about $45,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Roper Technologies during the 4th quarter worth about $49,000. Finally, J.Safra Asset Management Corp boosted its position in shares of Roper Technologies by 113.0% during the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 52 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer upped 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. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Stock Up 1.1 %

ROP opened at $569.29 on Monday. The business has a 50 day moving average price of $557.33 and a two-hundred day moving average price of $551.91. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market cap of $61.13 billion, a PE ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate 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.