Flagship Wealth Advisors LLC Makes New $125,000 Investment in Roper Technologies, Inc. (NYSE:ROP)

Flagship Wealth Advisors LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 240 shares of the industrial products company’s stock, valued at approximately $125,000.

Several other large investors have also recently added to or reduced their stakes in ROP. Empowered Funds LLC grew its stake in Roper Technologies by 11.7% during the third quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock worth $1,173,000 after buying an additional 220 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Roper Technologies by 3.7% during the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock worth $4,235,000 after buying an additional 269 shares during the last quarter. Swiss National Bank grew its stake in Roper Technologies by 0.3% during the third quarter. Swiss National Bank now owns 317,700 shares of the industrial products company’s stock worth $176,781,000 after buying an additional 800 shares during the last quarter. Taurus Asset Management LLC grew its stake in Roper Technologies by 4.7% during the third quarter. Taurus Asset Management LLC now owns 21,675 shares of the industrial products company’s stock worth $12,061,000 after buying an additional 965 shares during the last quarter. Finally, Capital City Trust Co. FL grew its stake in shares of Roper Technologies by 2.7% during the third quarter. Capital City Trust Co. FL now owns 9,825 shares of the industrial products company’s stock valued at $5,467,000 after purchasing an additional 256 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Up 1.1 %

Shares of NYSE ROP opened at $575.59 on Tuesday. The company’s 50 day simple moving average is $558.70 and its 200 day simple moving average is $552.06. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $61.81 billion, a P/E ratio of 40.14, a P/E/G ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders 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 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Analysts Set New Price Targets

Several analysts have recently commented on ROP shares. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer increased their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Raymond James reissued a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One 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’s stock. According to MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction on 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 owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company’s stock.

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.