3,228 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by Allstate Corp

Allstate Corp bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,228 shares of the industrial products company's stock, valued at approximately $1,678,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after purchasing an additional 72,503 shares during the period. State Street Corp lifted its holdings 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 buying an additional 132,575 shares in the last quarter. Geode Capital Management LLC boosted its position in Roper Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock valued at $1,357,162,000 after buying an additional 51,131 shares during the period. Norges Bank acquired a new position in shares of Roper Technologies in the fourth quarter worth $914,052,000. Finally, JPMorgan Chase & Co. increased its position in shares of Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after acquiring an additional 360,632 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 in the last quarter. 0.87% of the stock is owned by insiders.

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Roper Technologies Stock Performance

ROP traded down $9.56 on Thursday, reaching $580.80. The company had a trading volume of 192,689 shares, compared to its average volume of 537,374. 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 1 year low of $499.47 and a 1 year high of $595.17. The stock has a market capitalization of $62.37 billion, a PE ratio of 40.50, a P/E/G ratio of 2.77 and a beta of 1.06. The stock has a 50-day moving average price of $574.51 and a 200-day moving average price of $554.54.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a $0.825 dividend. 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 (DPR) is presently 23.01%.

Analyst Ratings Changes

A number of research firms recently issued reports on ROP. Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Truist Financial reissued a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus started coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price on the stock. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Raymond James restated a "strong-buy" rating and issued 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 issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.