1,193 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by AXQ Capital LP

AXQ Capital LP purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,193 shares of the industrial products company's stock, valued at approximately $620,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ROP. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 valued at $40,000 after acquiring an additional 75 shares in the last quarter. OFI Invest Asset Management bought a new stake in Roper Technologies during the fourth quarter worth approximately $38,000. Golden State Wealth Management LLC bought a new stake in Roper Technologies during the fourth quarter worth approximately $45,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the fourth quarter valued at approximately $49,000. Institutional investors own 93.31% of the company's stock.

Insider Activity

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were 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 owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently weighed in on ROP. 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 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. Oppenheimer upped their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $629.18.

Roper Technologies Price Performance

NYSE ROP traded up $9.84 on Thursday, hitting $592.55. 627,319 shares of the company were exchanged, compared to its average volume of 499,602. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a 50 day moving average of $568.17 and a two-hundred day moving average of $553.23. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $63.63 billion, a P/E ratio of 41.32, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.56%. 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.