ICW Investment Advisors LLC Grows Stake in Roper Technologies, Inc. (NYSE:ROP)

ICW Investment Advisors LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 13.1% during the fourth quarter, Holdings Channel reports. The fund owned 1,445 shares of the industrial products company’s stock after buying an additional 167 shares during the period. ICW Investment Advisors LLC’s holdings in Roper Technologies were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in shares of Roper Technologies by 87.8% in 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 during the period. Raymond James Financial Inc. bought a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $148,070,000. Proficio Capital Partners LLC raised its position in shares of Roper Technologies by 59,278.6% in 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 during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $69,382,000. Finally, Loomis Sayles & Co. L P raised its position in shares of Roper Technologies by 25.8% in 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 during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROP has been the topic of several research reports. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer upped their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $572.18 on Monday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a fifty day moving average of $564.14 and a 200-day moving average of $552.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Insider Activity

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the 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 completion of the sale, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The sale 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 on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

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.