Benchmark Investment Advisors LLC Purchases 634 Shares of Roper Technologies, Inc. (NYSE:ROP)

Benchmark Investment Advisors LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,405 shares of the industrial products company’s stock after buying an additional 634 shares during the quarter. Roper Technologies makes up about 1.8% of Benchmark Investment Advisors LLC’s portfolio, making the stock its 15th biggest position. Benchmark Investment Advisors LLC’s holdings in Roper Technologies were worth $2,810,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ROP. Federated Hermes Inc. raised its holdings in shares of Roper Technologies by 15.9% in the fourth quarter. Federated Hermes Inc. now owns 5,421 shares of the industrial products company’s stock valued at $2,818,000 after purchasing an additional 742 shares during the last quarter. Waterloo Capital L.P. increased its stake in Roper Technologies by 5.0% in the 4th quarter. Waterloo Capital L.P. now owns 3,063 shares of the industrial products company’s stock valued at $1,593,000 after buying an additional 146 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Roper Technologies by 1.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,161 shares of the industrial products company’s stock worth $604,000 after buying an additional 22 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its position in Roper Technologies by 33.3% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 20,000 shares of the industrial products company’s stock valued at $10,397,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Roper Technologies by 4.7% in the 4th quarter. Russell Investments Group Ltd. now owns 121,873 shares of the industrial products company’s stock valued at $63,357,000 after buying an additional 5,514 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROP. Stifel Nicolaus began coverage on Roper Technologies in a report on Thursday, March 27th. They set a “buy” rating and a $685.00 target price on the stock. 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 report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Barclays cut 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 report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

Insider Activity at Roper Technologies

In other news, 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 value of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 in the last quarter. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 6.5 %

Shares of NYSE ROP opened at $541.80 on Friday. The company has a market cap of $58.18 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.77 and a beta of 1.04. 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. The stock has a 50-day moving average price of $575.65 and a two-hundred day moving average price of $554.63.

Roper Technologies Dividend Announcement

The business 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 yield of 0.61%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio 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.