FWG Holdings LLC Boosts Position in Roper Technologies, Inc. (NYSE:ROP)

FWG Holdings LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 845 shares of the industrial products company’s stock after purchasing an additional 44 shares during the quarter. FWG Holdings LLC’s holdings in Roper Technologies were worth $488,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Roper Technologies by 20.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company’s stock valued at $25,656,000 after acquiring an additional 8,415 shares in the last quarter. AlphaQuest LLC purchased a new position in Roper Technologies in the 4th quarter worth approximately $899,000. Argentarii LLC bought a new position in shares of Roper Technologies in the 4th quarter worth $399,000. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the 4th quarter valued at $38,000. Finally, Coalescence Partners Investment Management LP lifted its holdings in shares of Roper Technologies by 29.7% during the 4th quarter. Coalescence Partners Investment Management LP now owns 30,195 shares of the industrial products company’s stock worth $15,697,000 after acquiring an additional 6,922 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 0.0 %

Shares of NYSE ROP opened at $588.38 on Monday. The firm has a fifty day simple moving average of $552.27 and a two-hundred day simple moving average of $551.22. The firm has a market capitalization of $63.18 billion, a PE ratio of 41.03, 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 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Analysts Set New Price Targets

ROP has been the topic of a number of research analyst reports. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. 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 note on Friday, January 31st. Barclays lowered their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

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.