Second Half Financial Partners LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Second Half Financial Partners LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 870 shares of the industrial products company’s stock, valued at approximately $452,000.

Several other hedge funds also recently made changes to their positions in the company. Douglas Lane & Associates LLC boosted its holdings in shares of Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock valued at $57,005,000 after buying an additional 17,466 shares in the last quarter. Synovus Financial Corp lifted its position in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after acquiring an additional 961 shares during the period. Nordea Investment Management AB boosted its stake in Roper Technologies by 8.5% during the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after acquiring an additional 42,016 shares in the last quarter. First Financial Bank Trust Division grew its holdings in Roper Technologies by 28.0% in the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock worth $5,574,000 after purchasing an additional 2,343 shares during the period. Finally, Signal Advisors Wealth LLC grew its holdings in Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock worth $3,023,000 after purchasing an additional 1,719 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ROP shares. Stifel Nicolaus started coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target on the stock. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. Oppenheimer upped their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Barclays reduced their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $620.73.

Insider Activity

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last three months. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

NYSE ROP opened at $557.70 on Friday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The stock has a 50-day moving average of $568.90 and a 200 day moving average of $554.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market capitalization of $59.89 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio is presently 23.01%.

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.