CenterBook Partners LP Takes $791,000 Position in Roper Technologies, Inc. (NYSE:ROP)

CenterBook Partners LP bought a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,522 shares of the industrial products company's stock, valued at approximately $791,000.

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

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Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 over the last ninety days. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of several analyst reports. 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 research report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial reissued a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

Roper Technologies Stock Up 0.2 %

Roper Technologies stock traded up $1.20 during trading hours on Tuesday, hitting $567.08. The stock had a trading volume of 317,682 shares, compared to its average volume of 552,186. The stock's 50-day moving average price is $572.41 and its 200-day moving average price is $554.07. The stock has a market capitalization of $60.90 billion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month 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.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.01%.

Roper Technologies Company 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.