Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 251.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,166 shares of the industrial products company's stock after purchasing an additional 43,764 shares during the period. Bank of Nova Scotia owned about 0.06% of Roper Technologies worth $31,797,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Roper Technologies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after acquiring an additional 29,184 shares during the period. Norges Bank purchased a new stake in Roper Technologies in the 4th quarter valued at $914,052,000. Invesco Ltd. increased its stake in Roper Technologies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after purchasing an additional 31,531 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after acquiring an additional 360,632 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Roper Technologies news, 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction dated 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 approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company's stock.

Roper Technologies Trading Up 0.3 %

Shares of NYSE:ROP traded up $1.44 during midday trading on Tuesday, reaching $567.32. The company's stock had a trading volume of 91,224 shares, compared to its average volume of 668,189. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $60.92 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The business has a 50 day moving average price of $572.41 and a 200 day moving average price of $554.07. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued 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 0.58%. Roper Technologies's payout ratio is 23.01%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ROP shares. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer increased 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. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial reissued a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $620.73.

Roper Technologies 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.