Roper Technologies, Inc. (NYSE:ROP) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 620,396 shares of the industrial products company's stock after selling 18,294 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.58% of Roper Technologies worth $316,588,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the 4th quarter worth about $36,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 4th quarter valued at about $38,000. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 valued at $40,000 after buying an additional 75 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares of the company's stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 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 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 valued at $4,712,045 over the last quarter. Insiders own 0.87% of the company's stock.

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Roper Technologies Price Performance

Shares of NYSE ROP traded down $8.04 on Thursday, hitting $582.32. The company's stock had a trading volume of 368,178 shares, compared to its average volume of 538,322. 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 stock has a 50 day moving average of $574.51 and a 200-day moving average of $554.54. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market capitalization of $62.53 billion, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

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 given a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. Roper Technologies's dividend payout ratio is currently 23.01%.

Analysts Set New Price Targets

ROP has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Raymond James reissued a "strong-buy" rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reissued a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Finally, Barclays reduced 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $629.18.

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.