Dearborn Partners LLC Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Dearborn Partners LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.7% in the fourth quarter, HoldingsChannel reports. The fund owned 1,197 shares of the industrial products company’s stock after buying an additional 65 shares during the quarter. Dearborn Partners LLC’s holdings in Roper Technologies were worth $622,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Paragon Private Wealth Management LLC increased its position in Roper Technologies by 7.4% during the fourth quarter. Paragon Private Wealth Management LLC now owns 1,134 shares of the industrial products company’s stock worth $590,000 after purchasing an additional 78 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Roper Technologies by 1.4% during the 4th quarter. Johnson Investment Counsel Inc. now owns 154,311 shares of the industrial products company’s stock valued at $80,219,000 after buying an additional 2,162 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Roper Technologies by 6.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 21,654 shares of the industrial products company’s stock worth $11,257,000 after buying an additional 1,384 shares during the last quarter. FWG Holdings LLC raised its position in shares of Roper Technologies by 5.5% in the 4th quarter. FWG Holdings LLC now owns 845 shares of the industrial products company’s stock worth $488,000 after buying an additional 44 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Roper Technologies by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company’s stock valued at $25,656,000 after acquiring an additional 8,415 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roper Technologies news, 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 transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % 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 worth $4,712,045 over the last quarter. 0.87% of the stock is owned by company insiders.

Roper Technologies Trading Down 1.9 %

Shares of ROP opened at $565.75 on Wednesday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. 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 $60.75 billion, a P/E ratio of 39.45, a P/E/G ratio of 2.77 and a beta of 1.06. The stock has a 50-day moving average price of $554.32 and a 200 day moving average price of $551.56.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. The ex-dividend date 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%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Barclays decreased 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. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $623.60.

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.