Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 878 shares of the industrial products company’s stock after purchasing an additional 66 shares during the period. EverSource Wealth Advisors LLC’s holdings in Roper Technologies were worth $456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. OFI Invest Asset Management bought a new position in Roper Technologies during the 4th quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Roper Technologies by 7,500.0% during the fourth 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 during the last quarter. Golden State Wealth Management LLC acquired a new position in Roper Technologies in the fourth quarter worth about $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies in the fourth quarter valued at about $49,000. Finally, J.Safra Asset Management Corp lifted its holdings in 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 buying an additional 52 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP John K. Stipancich sold 1,000 shares of the 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 owns 38,932 shares in the company, valued at $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 available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business’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 sale, the chief financial officer now owns 31,522 shares in the company, valued at $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 ninety days, insiders have sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. 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 issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $623.60.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $569.29 on Friday. 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. 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. The stock has a 50 day simple moving average of $557.33 and a 200-day simple moving average of $551.89.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 annualized dividend and a dividend yield of 0.58%. 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.