APG Asset Management US Inc. Invests $1.75 Million in Roper Technologies, Inc. (NYSE:ROP)

APG Asset Management US Inc. bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,375 shares of the industrial products company's stock, valued at approximately $1,754,000.

Several other hedge funds have also added to or reduced their stakes in ROP. Norges Bank purchased a new stake in Roper Technologies in the 4th quarter worth approximately $914,052,000. JPMorgan Chase & Co. lifted its position in Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after purchasing an additional 360,632 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Roper Technologies in the fourth quarter valued at about $148,070,000. Proficio Capital Partners LLC grew its position in shares of Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after buying an additional 279,795 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Roper Technologies by 170.6% during the fourth quarter. National Bank of Canada FI now owns 265,194 shares of the industrial products company's stock valued at $137,863,000 after buying an additional 167,199 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Up 0.3 %

ROP traded up $1.63 on Monday, reaching $561.79. 88,858 shares of the company's stock were exchanged, compared to its average volume of 552,897. 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 has a market cap of $60.33 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.77 and a beta of 1.04. The company's 50 day moving average is $572.72 and its 200-day moving average is $553.99. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

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Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid 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 yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Wall Street Analyst Weigh In

ROP has been the topic of several recent analyst reports. Truist Financial reaffirmed 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. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. Stifel Nicolaus initiated coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price objective for the company. Finally, TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $620.73.

Insiders Place Their Bets

In related news, CFO Jason Conley sold 3,000 shares of the business's 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 transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 over the last quarter. Insiders own 0.87% of the company's stock.

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.