KLP Kapitalforvaltning AS Takes Position in Roper Technologies, Inc. (NYSE:ROP)

KLP Kapitalforvaltning AS bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,920 shares of the industrial products company's stock, valued at approximately $18,673,000.

Several other hedge funds have also bought and sold shares of the stock. AXQ Capital LP purchased a new position in shares of Roper Technologies during the 4th quarter valued at about $620,000. Sei Investments Co. raised its stake in Roper Technologies by 9.1% during the 4th quarter. Sei Investments Co. now owns 49,676 shares of the industrial products company's stock worth $25,826,000 after acquiring an additional 4,123 shares during the period. Mizuho Securities USA LLC lifted its holdings in Roper Technologies by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 10,163 shares of the industrial products company's stock valued at $5,283,000 after purchasing an additional 3,212 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Roper Technologies by 632.5% in the fourth quarter. Quantbot Technologies LP now owns 23,483 shares of the industrial products company's stock worth $12,208,000 after purchasing an additional 20,277 shares during the period. Finally, Sciencast Management LP purchased a new stake in shares of Roper Technologies in the fourth quarter worth $731,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 1.7 %

Shares of Roper Technologies stock traded down $9.91 on Friday, reaching $582.64. The company had a trading volume of 876,467 shares, compared to its average volume of 537,622. The firm has a market cap of $62.57 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 2.77 and a beta of 1.06. 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 firm's 50-day moving average price is $570.85 and its two-hundred day moving average price is $553.70. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.78.

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Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies's dividend payout ratio is presently 23.01%.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company's stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction 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 completion of the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. Truist Financial reissued a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Stifel Nicolaus started coverage on Roper Technologies in a report on Thursday. They issued a "buy" rating and a $685.00 price target on the stock. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $629.18.

About Roper Technologies

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.