Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,730 shares of the industrial products company’s stock after purchasing an additional 45 shares during the period. Axxcess Wealth Management LLC’s holdings in Roper Technologies were worth $6,617,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after purchasing an additional 1,789 shares in the last quarter. Citigroup Inc. raised its position in shares of Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock valued at $106,050,000 after purchasing an additional 28,555 shares in the last quarter. Douglas Lane & Associates LLC raised its position in shares of Roper Technologies by 18.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock valued at $57,005,000 after purchasing an additional 17,466 shares in the last quarter. Synovus Financial Corp raised its position in shares of Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Roper Technologies by 52.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company’s stock valued at $2,747,000 after purchasing an additional 1,699 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of ROP opened at $575.59 on Tuesday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a market cap of $61.81 billion, a P/E ratio of 40.14, a PEG ratio of 2.77 and a beta of 1.06. The stock has a fifty day moving average price of $558.70 and a 200 day moving average price of $552.06. 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 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 0.57%. Roper Technologies’s payout ratio is 23.01%.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent analyst reports. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays lowered their price target on 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 boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Insider Transactions at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction on 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 sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders 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 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.