Roper Technologies, Inc. (NYSE:ROP) Position Increased by Ballast Advisors LLC

Ballast Advisors LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,765 shares of the industrial products company’s stock after buying an additional 109 shares during the period. Ballast Advisors LLC’s holdings in Roper Technologies were worth $918,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ROP. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $26,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the 4th quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 valued at $40,000 after buying an additional 75 shares during the period. Golden State Wealth Management LLC acquired a new position in Roper Technologies in the fourth quarter worth about $45,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ROP. Barclays reduced their price target 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 upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. Oppenheimer upped their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Stock Down 0.4 %

ROP opened at $575.45 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $61.79 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.77 and a beta of 1.06. The company’s 50-day moving average price is $562.75 and its two-hundred day moving average price is $552.56. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is 23.01%.

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.