Bryce Point Capital LLC Makes New $1.44 Million Investment in Roper Technologies, Inc. (NYSE:ROP)

Bryce Point Capital LLC bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,770 shares of the industrial products company's stock, valued at approximately $1,440,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its position in Roper Technologies by 2.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 24,671 shares of the industrial products company's stock worth $12,825,000 after purchasing an additional 706 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $378,000. Groupama Asset Managment grew its position in Roper Technologies by 13.3% in the fourth quarter. Groupama Asset Managment now owns 19,776 shares of the industrial products company's stock worth $10,281,000 after acquiring an additional 2,324 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Roper Technologies by 1,083.2% during the 4th quarter. Headlands Technologies LLC now owns 11,820 shares of the industrial products company's stock valued at $6,145,000 after purchasing an additional 10,821 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Roper Technologies by 1.2% in the 4th 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 purchasing an additional 29,184 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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Roper Technologies Price Performance

NYSE ROP traded down $37.90 during trading on Friday, reaching $541.80. 1,672,570 shares of the company traded hands, compared to its average volume of 543,807. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. 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 stock's 50 day moving average price is $575.65 and its two-hundred day moving average price is $554.61. The company has a market cap of $58.18 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.61%. Roper Technologies's payout ratio is presently 23.01%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROP. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Stifel Nicolaus started coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target on the stock. Truist Financial restated 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. Finally, Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $629.18.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last ninety days. Corporate 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.