DnB Asset Management AS Cuts Position in Roper Technologies, Inc. (NYSE:ROP)

DnB Asset Management AS reduced its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,131 shares of the industrial products company's stock after selling 466 shares during the period. DnB Asset Management AS's holdings in Roper Technologies were worth $14,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Kingsview Wealth Management LLC grew its position in Roper Technologies by 10.8% during the third quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company's stock valued at $285,000 after buying an additional 50 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Roper Technologies in the 3rd quarter worth approximately $718,000. Private Trust Co. NA raised its stake in Roper Technologies by 8.3% during the 3rd quarter. Private Trust Co. NA now owns 352 shares of the industrial products company's stock worth $196,000 after acquiring an additional 27 shares during the period. D.A. Davidson & CO. lifted its holdings in Roper Technologies by 11.9% during the third quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company's stock valued at $828,000 after purchasing an additional 158 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Roper Technologies in the third quarter worth $1,784,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, 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 sold 8,101 shares of company stock worth $4,712,045 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

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Roper Technologies Trading Up 0.3 %

ROP traded up $1.79 during trading hours on Wednesday, reaching $592.57. 142,693 shares of the company's stock traded hands, compared to its average volume of 538,571. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $573.39 and a 200 day moving average price of $554.28. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The firm has a market capitalization of $63.63 billion, a PE ratio of 41.32, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio is presently 23.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.