Blueshift Asset Management LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 266.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,472 shares of the industrial products company's stock after purchasing an additional 1,070 shares during the quarter. Blueshift Asset Management LLC's holdings in Roper Technologies were worth $765,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock worth $19,282,000 after acquiring an additional 1,789 shares during the last quarter. Citigroup Inc. increased its position in Roper Technologies by 17.6% in the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock worth $106,050,000 after purchasing an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC increased its position in Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock worth $57,005,000 after purchasing an additional 17,466 shares during the last quarter. Synovus Financial Corp raised its stake in Roper Technologies by 19.6% during the third 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Roper Technologies by 52.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company's stock worth $2,747,000 after buying an additional 1,699 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ROP has been the subject of a number of analyst reports. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating 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 stock an "outperform" rating in a report on Friday, January 31st. Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial restated a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $623.60.
Check Out Our Latest Stock Report on Roper Technologies
Roper Technologies Stock Up 0.8 %
ROP stock traded up $4.47 during trading on Monday, hitting $576.65. 568,913 shares of the company's stock traded hands, compared to its average volume of 500,039. The firm has a market capitalization of $61.92 billion, a P/E ratio of 40.21, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. 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 business has a fifty day simple moving average of $565.51 and a two-hundred day simple moving average of $552.80.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's payout ratio is 23.01%.
Insider Buying and Selling
In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now 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 sold 8,101 shares of company stock worth $4,712,045 in the last three months. 0.87% of the stock is owned by insiders.
Roper Technologies Company Profile
(
Free Report)
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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