Azimuth Capital Investment Management LLC Increases Position in Roper Technologies, Inc. (NYSE:ROP)

Azimuth Capital Investment Management LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,224 shares of the industrial products company’s stock after purchasing an additional 113 shares during the period. Azimuth Capital Investment Management LLC’s holdings in Roper Technologies were worth $9,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROP. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies in the fourth quarter worth $26,000. CoreFirst Bank & Trust purchased a new position in Roper Technologies in the 4th quarter worth about $36,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the period. OFI Invest Asset Management bought a new stake in Roper Technologies during the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC bought a new position in Roper Technologies in the 4th quarter worth about $45,000. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ROP shares. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday. Truist Financial restated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer raised their target price on shares of 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 assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $620.73.

Roper Technologies Trading Down 2.5 %

NYSE ROP opened at $519.19 on Wednesday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a 50 day moving average price of $574.39 and a 200 day moving average price of $553.94. 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 firm has a market cap of $55.75 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s payout ratio is presently 23.01%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the 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 completion of the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

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.