Roper Technologies, Inc. (NYSE:ROP) is Applied Finance Capital Management LLC’s 8th Largest Position

Applied Finance Capital Management LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,464 shares of the industrial products company’s stock after buying an additional 1,917 shares during the quarter. Roper Technologies makes up about 2.4% of Applied Finance Capital Management LLC’s holdings, making the stock its 8th biggest holding. Applied Finance Capital Management LLC’s holdings in Roper Technologies were worth $55,865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in Roper Technologies in the fourth quarter valued at $14,296,000. Bank of Nova Scotia grew its holdings in Roper Technologies by 251.5% in the fourth quarter. Bank of Nova Scotia now owns 61,166 shares of the industrial products company’s stock worth $31,797,000 after purchasing an additional 43,764 shares during the period. Rathbones Group PLC increased its holdings in shares of Roper Technologies by 65.1% during the fourth quarter. Rathbones Group PLC now owns 104,618 shares of the industrial products company’s stock valued at $54,386,000 after acquiring an additional 41,237 shares in the last quarter. Invesco Ltd. grew its position in Roper Technologies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company’s stock valued at $774,687,000 after purchasing an additional 31,531 shares during the last quarter. Finally, FMR LLC increased its stake in Roper Technologies by 8.3% during the 4th quarter. FMR LLC now owns 391,120 shares of the industrial products company’s stock valued at $203,324,000 after purchasing an additional 29,880 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Down 1.7 %

Shares of NYSE:ROP opened at $532.54 on Tuesday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market cap of $57.19 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The stock has a 50 day moving average of $575.47 and a 200 day moving average of $554.46. 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 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 given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.62%. Roper Technologies’s payout ratio is 23.01%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ROP shares. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $629.18.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate 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.