VSM Wealth Advisory LLC Invests $26,000 in Roper Technologies, Inc. (NYSE:ROP)

VSM Wealth Advisory LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 50 shares of the industrial products company’s stock, valued at approximately $26,000.

Several other large investors have also recently modified their holdings of ROP. OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the 4th quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. raised its position 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 during the last quarter. Golden State Wealth Management LLC purchased a new position in Roper Technologies in the 4th quarter worth about $45,000. Ameliora Wealth Management Ltd. purchased a new position in Roper Technologies in the 4th quarter worth about $49,000. Finally, J.Safra Asset Management Corp raised its position 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 during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by company insiders.

Roper Technologies Trading Down 0.4 %

Shares of NYSE:ROP opened at $575.45 on Friday. The stock has a 50 day moving average of $562.75 and a 200 day moving average of $552.56. The company has a market cap of $61.79 billion, a PE ratio of 40.13, 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. Investors of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. 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 report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $623.60.

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.