Harvest Fund Management Co. Ltd Buys 1,373 Shares of Roper Technologies, Inc. (NYSE:ROP)

Harvest Fund Management Co. Ltd increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,311 shares of the industrial products company’s stock after buying an additional 1,373 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Roper Technologies were worth $3,280,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Roper Technologies during the fourth quarter valued at approximately $148,070,000. Proficio Capital Partners LLC increased its stake in shares of Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after purchasing an additional 279,795 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Roper Technologies during the fourth quarter valued at approximately $69,382,000. Finally, Loomis Sayles & Co. L P increased its stake in shares of Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after purchasing an additional 132,913 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Up 0.2 %

Shares of ROP stock opened at $576.86 on Wednesday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $560.10 and its 200 day moving average is $552.22. The stock has a market capitalization of $61.95 billion, a P/E ratio of 40.23, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on ROP shares. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $623.60.

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.