LPL Financial LLC Has $36.04 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

LPL Financial LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,331 shares of the industrial products company’s stock after buying an additional 9,510 shares during the quarter. LPL Financial LLC owned about 0.06% of Roper Technologies worth $36,042,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ROP. Guardian Partners Inc. bought a new position in shares of Roper Technologies in the fourth quarter worth $817,000. Fox Run Management L.L.C. bought a new position in Roper Technologies in the 4th quarter valued at about $1,126,000. KLP Kapitalforvaltning AS bought a new stake in shares of Roper Technologies during the 4th quarter worth approximately $18,673,000. AXQ Capital LP acquired a new stake in shares of Roper Technologies during the 4th quarter worth approximately $620,000. Finally, Sei Investments Co. increased its stake in Roper Technologies by 9.1% in the fourth quarter. Sei Investments Co. now owns 49,676 shares of the industrial products company’s stock valued at $25,826,000 after acquiring an additional 4,123 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROP. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased 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. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was 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 of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 1.7 %

NYSE ROP opened at $582.64 on Friday. The firm has a market capitalization of $62.57 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The business’s 50-day moving average price is $570.85 and its two-hundred day moving average price is $553.70. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.57%. Roper Technologies’s payout ratio is 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.