Zacks Investment Management Invests $283,000 in Roper Technologies, Inc. (NYSE:ROP)

Zacks Investment Management bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 545 shares of the industrial products company's stock, valued at approximately $283,000.

A number of other hedge funds have also added to or reduced their stakes in ROP. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $36,000. OFI Invest Asset Management bought a new stake in Roper Technologies in the 4th quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter worth $45,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of ROP traded up $8.58 during trading hours on Thursday, reaching $559.66. The stock had a trading volume of 674,263 shares, compared to its average volume of 552,248. The stock has a market capitalization of $60.10 billion, a PE ratio of 39.03, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. 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 company's 50-day moving average is $569.48 and its two-hundred day moving average is $554.22.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, April 4th. Roper Technologies's payout ratio is 23.01%.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction 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 $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of research reports. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reissued a "strong-buy" rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer increased their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

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.