Vanguard Group Inc. Has $5.50 Billion Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Vanguard Group Inc. lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 10,575,103 shares of the industrial products company’s stock after purchasing an additional 72,503 shares during the period. Vanguard Group Inc. owned about 0.10% of Roper Technologies worth $5,497,467,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROP. Wellington Management Group LLP boosted its holdings in shares of Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after acquiring an additional 345,268 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Roper Technologies during the 4th quarter valued at $148,070,000. Proficio Capital Partners LLC boosted its holdings in shares of Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after acquiring an additional 279,795 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Roper Technologies during the 4th quarter valued at $69,382,000. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after acquiring an additional 132,913 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP stock opened at $572.18 on Monday. The stock has a 50-day moving average price of $564.14 and a 200-day moving average price of $552.65. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year 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 has a market cap of $61.44 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

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 given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ROP. Barclays lowered their target price 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. Oppenheimer raised 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. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Insider Activity

In other news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly 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 filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last three months. Company 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.