Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,716 shares of the industrial products company's stock after buying an additional 841 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Roper Technologies were worth $1,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC raised its holdings in Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after acquiring an additional 17,466 shares during the period. Synovus Financial Corp raised its stake in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 961 shares during the period. Nordea Investment Management AB lifted its holdings in Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after purchasing an additional 42,016 shares in the last quarter. First Financial Bank Trust Division boosted its stake in Roper Technologies by 28.0% in the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock worth $5,574,000 after purchasing an additional 2,343 shares during the period. Finally, Signal Advisors Wealth LLC grew its holdings in Roper Technologies by 42.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after buying an additional 1,719 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. Raymond James reiterated a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $620.73.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the business's 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 completion of the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Down 0.4 %

Shares of ROP traded down $1.96 during mid-day trading on Friday, reaching $557.70. 671,002 shares of the company's stock traded hands, compared to its average volume of 552,721. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market cap of $59.89 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.77 and a beta of 1.04. The stock's 50-day moving average is $569.20 and its two-hundred day moving average is $554.37.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

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.