Phoenix Financial Ltd. Increases Position in Roper Technologies, Inc. (NYSE:ROP)

Phoenix Financial Ltd. lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,613 shares of the industrial products company’s stock after purchasing an additional 47 shares during the period. Phoenix Financial Ltd.’s holdings in Roper Technologies were worth $839,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ROP. Coldstream Capital Management Inc. increased its holdings in shares of Roper Technologies by 18.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,088 shares of the industrial products company’s stock worth $1,164,000 after purchasing an additional 325 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Roper Technologies by 21.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 257 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 45 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Roper Technologies by 6.0% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company’s stock worth $2,510,000 after acquiring an additional 255 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Roper Technologies by 19.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,849 shares of the industrial products company’s stock valued at $3,276,000 after acquiring an additional 960 shares during the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of Roper Technologies by 1.4% in the third quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company’s stock valued at $3,957,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was 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 of the company’s stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Roper Technologies Trading Down 0.8 %

Shares of NYSE:ROP opened at $549.60 on Friday. The business’s 50-day moving average is $573.07 and its 200 day moving average is $553.90. The firm has a market capitalization of $59.02 billion, a P/E ratio of 38.33, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies Announces Dividend

The business 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 dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s payout ratio is currently 23.01%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer upped their target price 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. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Stifel Nicolaus began coverage on Roper Technologies in a report on Thursday, March 27th. They set a “buy” rating and a $685.00 price target on the stock. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.73.

Roper Technologies Company 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.