Roper Technologies, Inc. (NYSE:ROP) Stake Raised by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 111.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,364 shares of the industrial products company's stock after purchasing an additional 17,558 shares during the period. Canada Pension Plan Investment Board's holdings in Roper Technologies were worth $17,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust acquired a new stake in Roper Technologies during the 4th quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new stake in Roper Technologies during the 4th quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Roper Technologies by 7,500.0% during 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 buying an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

ROP traded up $8.58 during trading on Thursday, reaching $559.66. 674,263 shares of the company were exchanged, compared to its average volume of 552,248. 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 stock has a market cap of $60.10 billion, a P/E ratio of 39.03, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The firm has a 50 day moving average of $569.48 and a 200 day moving average of $554.22.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Wall Street Analyst Weigh In

ROP has been the topic of several recent analyst reports. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Stifel Nicolaus assumed coverage on Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $620.73.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. 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 in the last ninety days. 0.87% of the stock is owned by insiders.

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.