ExodusPoint Capital Management LP Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

ExodusPoint Capital Management LP grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 67.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,601 shares of the industrial products company's stock after acquiring an additional 5,087 shares during the quarter. ExodusPoint Capital Management LP's holdings in Roper Technologies were worth $6,551,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the fourth quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Roper Technologies in the fourth quarter valued at $45,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent analyst reports. Barclays lowered their price target on 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 reaffirmed a "strong-buy" rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial restated a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. Finally, TD Cowen raised 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. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

ROP traded down $15.49 during trading on Thursday, hitting $538.27. 281,955 shares of the company traded hands, compared to its average volume of 550,940. 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 market cap of $57.80 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The stock's fifty day moving average is $573.61 and its 200 day moving average is $553.91. Roper Technologies, Inc. has a one year low of $499.47 and a one 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. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.61%. 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.