Allstate Corp Acquires New Shares in Roper Technologies, Inc. (NYSE:ROP)

Allstate Corp bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,228 shares of the industrial products company’s stock, valued at approximately $1,678,000.

A number of other large investors have also recently made changes to their positions in ROP. Kingsview Wealth Management LLC increased its position in shares of Roper Technologies by 10.8% during the third quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company’s stock valued at $285,000 after buying an additional 50 shares during the period. D.A. Davidson & CO. increased its holdings in Roper Technologies by 11.9% during the 3rd quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company’s stock worth $828,000 after acquiring an additional 158 shares during the period. Quantbot Technologies LP bought a new position in Roper Technologies in the 3rd quarter valued at $1,784,000. Townsquare Capital LLC grew its position in shares of Roper Technologies by 8.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,053 shares of the industrial products company’s stock valued at $1,142,000 after purchasing an additional 160 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Roper Technologies in the third quarter worth $224,000. 93.31% of the stock is owned by institutional investors.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Oppenheimer raised their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $629.18.

Roper Technologies Stock Down 1.7 %

Shares of NYSE ROP opened at $582.64 on Friday. The firm’s fifty day moving average is $570.85 and its 200 day moving average is $553.71. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market cap of $62.57 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company 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. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

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.