Aigen Investment Management LP Buys New Shares in Roper Technologies, Inc. (NYSE:ROP)

Aigen Investment Management LP bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,605 shares of the industrial products company's stock, valued at approximately $2,914,000.

A number of other hedge funds have also made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Roper Technologies by 7,500.0% in 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 buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Roper Technologies in the 4th quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies in the 4th quarter worth $49,000. J.Safra Asset Management Corp lifted its holdings in Roper Technologies by 113.0% in the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock worth $51,000 after buying an additional 52 shares in the last quarter. Finally, Global Wealth Strategies & Associates lifted its holdings in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on ROP. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reiterated a "strong-buy" rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer boosted 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. Truist Financial reissued a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $623.60.

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Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were 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 directly owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the company'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 transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $0.09 during trading on Friday, reaching $588.38. 462,663 shares of the company's stock traded hands, compared to its average volume of 496,449. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a 50 day moving average of $552.27 and a 200-day moving average of $551.22. The stock has a market capitalization of $63.18 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) 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.