GLOBALT Investments LLC GA Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

GLOBALT Investments LLC GA lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,221 shares of the industrial products company’s stock after acquiring an additional 47 shares during the period. GLOBALT Investments LLC GA’s holdings in Roper Technologies were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ROP. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the 4th quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Roper Technologies by 7,500.0% in 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 buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Roper Technologies in the 4th quarter worth $45,000. Ameliora Wealth Management Ltd. purchased a new stake in Roper Technologies in the 4th quarter worth $49,000. Finally, J.Safra Asset Management Corp increased its stake in Roper Technologies by 113.0% in 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 in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 1.1 %

Shares of NYSE:ROP opened at $575.59 on Tuesday. 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. The company has a 50-day moving average price of $558.70 and a 200 day moving average price of $552.06. The company has a market cap of $61.81 billion, a price-to-earnings ratio of 40.14, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of analyst reports. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays dropped their price objective 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, Raymond James reissued a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. 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.