Callan Family Office LLC Invests $534,000 in Roper Technologies, Inc. (NYSE:ROP)

Callan Family Office LLC bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,028 shares of the industrial products company’s stock, valued at approximately $534,000.

Other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $49,000. J.Safra Asset Management Corp increased its holdings in shares of Roper Technologies by 113.0% during the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 52 shares in the last quarter. Finally, Global Wealth Strategies & Associates increased its holdings in shares of Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 33 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.0 %

Shares of NYSE:ROP opened at $588.38 on Monday. The business has a 50-day moving average price of $552.27 and a 200 day moving average price of $551.22. 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 company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s payout ratio is 23.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ROP shares. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Barclays dropped 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $623.60.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business’s 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 completion of the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by insiders.

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.