Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,397 shares of the industrial products company’s stock after acquiring an additional 121 shares during the quarter. Roper Technologies comprises approximately 1.0% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 24th largest holding. UNIVEST FINANCIAL Corp’s holdings in Roper Technologies were worth $15,802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Wellington Management Group LLP grew its stake in Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after buying an additional 345,268 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Roper Technologies in the 4th quarter valued at approximately $148,070,000. Proficio Capital Partners LLC grew its stake in Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after acquiring an additional 279,795 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $69,382,000. Finally, State Street Corp increased its position in Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after purchasing an additional 132,575 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. 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 research note on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up previously from $665.00) 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 assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Trading Up 0.4 %

Shares of NYSE:ROP opened at $579.07 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market capitalization of $62.18 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a 50 day moving average price of $566.88 and a 200 day moving average price of $553.02.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 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.