Edgestream Partners L.P. Buys 12,453 Shares of Roper Technologies, Inc. (NYSE:ROP)

Edgestream Partners L.P. lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 513.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,878 shares of the industrial products company's stock after purchasing an additional 12,453 shares during the period. Edgestream Partners L.P.'s holdings in Roper Technologies were worth $7,734,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ROP. E Fund Management Hong Kong Co. Ltd. increased 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 valued at $40,000 after acquiring an additional 75 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Roper Technologies during the 4th quarter valued at about $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the 4th quarter worth $49,000. J.Safra Asset Management Corp grew its position in Roper Technologies by 113.0% in the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock valued at $51,000 after buying an additional 52 shares in the last quarter. Finally, Global Wealth Strategies & Associates raised its position in shares of 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 buying an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 in the last 90 days. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Stock Down 0.6 %

NYSE ROP traded down $3.68 on Monday, reaching $584.71. The company had a trading volume of 203,556 shares, compared to its average volume of 495,345. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a market capitalization of $62.79 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company's fifty day moving average is $552.27 and its 200-day moving average is $551.22. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on ROP. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Truist Financial reissued a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Raymond James restated a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $623.60.

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.