Dynamic Technology Lab Private Ltd Buys 290 Shares of Roper Technologies, Inc. (NYSE:ROP)

Dynamic Technology Lab Private Ltd lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,580 shares of the industrial products company’s stock after acquiring an additional 290 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Roper Technologies were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its stake in shares of Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC boosted its holdings in Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock worth $309,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC increased its stake in Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 20 shares in the last quarter. Principal Securities Inc. raised its holdings in Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after acquiring an additional 20 shares during the period. Finally, Exchange Capital Management Inc. lifted its position in shares of Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after acquiring an additional 20 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company’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 in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ROP shares. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Stifel Nicolaus began coverage on shares of Roper Technologies in a report on Thursday, March 27th. They set a “buy” rating and a $685.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report 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 report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $629.18.

Roper Technologies Stock Performance

Roper Technologies stock opened at $541.80 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company’s 50-day moving average price is $575.65 and its 200-day moving average price is $554.66. The company has a market cap of $58.18 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The business 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 $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

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.