Stevens Capital Management LP Purchases Shares of 465 Roper Technologies, Inc. (NYSE:ROP)

Stevens Capital Management LP acquired a new stake in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 465 shares of the industrial products company’s stock, valued at approximately $242,000.

Several other hedge funds also recently modified their holdings of ROP. LPL Financial LLC grew its stake in Roper Technologies by 15.9% in the fourth quarter. LPL Financial LLC now owns 69,331 shares of the industrial products company’s stock valued at $36,042,000 after purchasing an additional 9,510 shares in the last quarter. Guardian Partners Inc. acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $817,000. Fox Run Management L.L.C. bought a new position in shares of Roper Technologies in the fourth quarter valued at $1,126,000. KLP Kapitalforvaltning AS acquired a new position in Roper Technologies during the fourth quarter worth $18,673,000. Finally, AXQ Capital LP bought a new stake in Roper Technologies during the fourth quarter worth $620,000. Institutional investors own 93.31% of the company’s stock.

Insider Transactions 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 transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Up 0.8 %

Shares of Roper Technologies stock opened at $576.65 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a 50-day moving average of $565.51 and a 200-day moving average of $552.80. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a market cap of $61.92 billion, a PE ratio of 40.21, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given 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 payout ratio is presently 23.01%.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Robert W. Baird set a $665.00 price target on Roper Technologies 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 issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $623.60.

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.