Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 673,193 shares of the industrial products company's stock after purchasing an additional 24,290 shares during the period. Charles Schwab Investment Management Inc. owned 0.63% of Roper Technologies worth $349,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROP. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after buying an additional 75 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $45,000. Ameliora Wealth Management Ltd. purchased a new stake in Roper Technologies in the fourth quarter worth about $49,000. Global Wealth Strategies & Associates grew its holdings in Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after acquiring an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Roper Technologies during the 4th quarter valued at about $55,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 0.0 %

NYSE ROP traded up $0.09 during trading on Friday, hitting $588.38. The company's stock had a trading volume of 462,663 shares, compared to its average volume of 496,449. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week 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 company has a market cap of $63.18 billion, a PE ratio of 41.03, a P/E/G ratio of 2.77 and a beta of 1.06. The business's 50 day simple moving average is $552.27 and its 200-day simple moving average is $551.22.

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Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. Roper Technologies's payout ratio is currently 23.01%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $1,734,150.00. Following the sale, the chief financial officer now 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 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. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ROP. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James restated a "strong-buy" rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays decreased their price objective 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, JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $623.60.

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.