Eos Management L.P. Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Eos Management L.P. increased its position in Roper Technologies, Inc. (NYSE:ROP) by 124.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,324 shares of the industrial products company’s stock after purchasing an additional 4,623 shares during the quarter. Roper Technologies makes up about 1.8% of Eos Management L.P.’s portfolio, making the stock its 13th biggest position. Eos Management L.P.’s holdings in Roper Technologies were worth $4,327,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in shares of Roper Technologies in the 3rd quarter valued at about $395,000. Assetmark Inc. raised its stake in Roper Technologies by 7.6% in the third quarter. Assetmark Inc. now owns 11,684 shares of the industrial products company’s stock worth $6,501,000 after buying an additional 824 shares in the last quarter. XML Financial LLC lifted its holdings in Roper Technologies by 4.9% during the third quarter. XML Financial LLC now owns 961 shares of the industrial products company’s stock worth $535,000 after buying an additional 45 shares during the period. Venturi Wealth Management LLC boosted its position in Roper Technologies by 7.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,249 shares of the industrial products company’s stock valued at $1,251,000 after acquiring an additional 163 shares in the last quarter. Finally, Coalescence Partners Investment Management LP purchased a new position in shares of Roper Technologies in the 3rd quarter valued at $12,950,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 2.0 %

Shares of Roper Technologies stock opened at $576.45 on Tuesday. The firm’s 50 day simple moving average is $553.41 and its two-hundred day simple moving average is $551.43. The firm has a market capitalization of $61.90 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid 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 dividend payout ratio (DPR) is 23.01%.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value 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 represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays cut their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Raymond James restated a “strong-buy” rating and issued a $655.00 target price (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 assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $623.60.

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.