Advisors Asset Management Inc. Purchases 849 Shares of Roper Technologies, Inc. (NYSE:ROP)

Advisors Asset Management Inc. boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,885 shares of the industrial products company's stock after buying an additional 849 shares during the period. Advisors Asset Management Inc.'s holdings in Roper Technologies were worth $2,539,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of 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 worth $40,000 after acquiring an additional 75 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 4th quarter valued at $38,000. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies in the 4th quarter valued at $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies during the 4th quarter worth $49,000. Finally, J.Safra Asset Management Corp boosted its stake in Roper Technologies by 113.0% in the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock valued at $51,000 after buying an additional 52 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ROP. Raymond James reissued a "strong-buy" rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $623.60.

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Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction dated 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 directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the firm's 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 sale, the director now directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. This represents a 1.71 % 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. Company insiders own 0.87% of the company's stock.

Roper Technologies Trading Up 0.6 %

Shares of NYSE ROP traded up $3.64 during trading on Wednesday, reaching $582.71. The company had a trading volume of 336,454 shares, compared to its average volume of 498,746. The stock has a market cap of $62.57 billion, a P/E ratio of 40.64, a PEG ratio of 2.77 and a beta of 1.06. The company's fifty day moving average price is $566.88 and its 200-day moving average price is $553.02. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued 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 yield of 0.57%. Roper Technologies's payout ratio is 23.01%.

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.