Xponance Inc. Buys 762 Shares of Roper Technologies, Inc. (NYSE:ROP)

Xponance Inc. boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 15,317 shares of the industrial products company’s stock after acquiring an additional 762 shares during the quarter. Xponance Inc.’s holdings in Roper Technologies were worth $7,963,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Generali Asset Management SPA SGR bought a new position in Roper Technologies in the 4th quarter worth about $1,380,000. Horizon Investments LLC boosted its position in shares of Roper Technologies by 1.9% during the 4th quarter. Horizon Investments LLC now owns 2,070 shares of the industrial products company’s stock valued at $1,074,000 after acquiring an additional 38 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Roper Technologies by 21.0% during the 4th quarter. Advisors Asset Management Inc. now owns 4,885 shares of the industrial products company’s stock valued at $2,539,000 after acquiring an additional 849 shares during the last quarter. Haven Capital Group Inc. bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $7,317,000. Finally, Axxcess Wealth Management LLC boosted its position in shares of Roper Technologies by 0.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 12,730 shares of the industrial products company’s stock valued at $6,617,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $577.83 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business’s 50 day simple moving average is $561.45 and its two-hundred day simple moving average is $552.40. The stock has a market capitalization of $62.05 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of a number of research analyst reports. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reiterated 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. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded 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 research report on Tuesday, January 28th. Finally, Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating 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 assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average 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.