Andra AP fonden Buys New Position in Roper Technologies, Inc. (NYSE:ROP)

Andra AP fonden 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 4,200 shares of the industrial products company's stock, valued at approximately $2,183,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted 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 valued at $2,632,199,000 after acquiring an additional 132,575 shares during the period. Geode Capital Management LLC raised 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 purchasing an additional 51,131 shares in the last quarter. Wellington Management Group LLP raised its position in Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock valued at $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Roper Technologies by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 673,193 shares of the industrial products company's stock valued at $349,959,000 after purchasing an additional 24,290 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Roper Technologies by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after purchasing an additional 45,947 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last quarter. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ROP shares. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. TD Cowen raised 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 report on Tuesday, January 28th. Finally, Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $623.60.

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Roper Technologies Price Performance

Shares of NYSE ROP opened at $588.38 on Monday. The firm has a market capitalization of $63.18 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock's 50-day simple moving average is $552.27 and its 200-day simple moving average is $551.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

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 given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

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.

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