Prudential PLC Purchases 811 Shares of Roper Technologies, Inc. (NYSE:ROP)

Prudential PLC increased its position in Roper Technologies, Inc. (NYSE:ROP) by 6.4% in the 4th quarter, HoldingsChannel reports. The fund owned 13,402 shares of the industrial products company’s stock after purchasing an additional 811 shares during the period. Prudential PLC’s holdings in Roper Technologies were worth $6,967,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in ROP. Norges Bank purchased a new position in Roper Technologies in the 4th quarter valued at approximately $914,052,000. JPMorgan Chase & Co. boosted its holdings in shares of Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after acquiring an additional 360,632 shares during the period. Wellington Management Group LLP grew its position in shares of Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Roper Technologies during the 4th quarter valued at $148,070,000. Finally, Proficio Capital Partners LLC lifted its holdings in Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock worth $145,697,000 after purchasing an additional 279,795 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target for the company. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Truist Financial reissued a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $629.18.

Roper Technologies Stock Down 6.5 %

Shares of ROP opened at $541.80 on Friday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a 50 day simple moving average of $575.65 and a two-hundred day simple moving average of $554.61. The firm has a market cap of $58.18 billion, a P/E ratio of 37.78, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.825 per share. 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 dividend payout ratio is currently 23.01%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 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 at the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 in the last 90 days. 0.87% of the stock is owned by company insiders.

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.