Cibc World Markets Corp Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Cibc World Markets Corp grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,290 shares of the industrial products company's stock after purchasing an additional 2,415 shares during the period. Cibc World Markets Corp's holdings in Roper Technologies were worth $10,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC grew its position in Roper Technologies by 11.7% during the third quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company's stock valued at $1,173,000 after acquiring an additional 220 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Roper Technologies by 3.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company's stock valued at $4,235,000 after purchasing an additional 269 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its position in Roper Technologies by 12.0% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 421 shares of the industrial products company's stock worth $234,000 after purchasing an additional 45 shares during the period. Pathstone Holdings LLC lifted its stake in Roper Technologies by 0.4% in the third quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company's stock worth $8,265,000 after purchasing an additional 66 shares during the last quarter. Finally, Tranquility Partners LLC boosted its position in Roper Technologies by 33.0% during the third quarter. Tranquility Partners LLC now owns 1,321 shares of the industrial products company's stock valued at $735,000 after buying an additional 328 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction on 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 transaction, the director now owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last ninety days. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ROP shares. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer increased their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Barclays cut 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. Truist Financial reissued 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. Finally, Robert W. Baird set a $665.00 price objective 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 given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $623.60.

Roper Technologies Trading Down 0.6 %

ROP stock traded down $3.27 during trading on Friday, reaching $572.18. The company had a trading volume of 879,748 shares, compared to its average volume of 498,725. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The business has a 50 day moving average of $564.14 and a 200 day moving average of $552.68. The company has a market cap of $61.44 billion, a P/E ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company also recently announced 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. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.01%.

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.