610 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 610 shares of the industrial products company's stock, valued at approximately $317,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co increased its stake in Roper Technologies by 6.0% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company's stock worth $2,510,000 after buying an additional 255 shares during the period. World Investment Advisors LLC increased its holdings in Roper Technologies by 1.4% during the 3rd quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company's stock worth $3,957,000 after purchasing an additional 100 shares during the period. Wilmington Savings Fund Society FSB raised its position in Roper Technologies by 1,227.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,727 shares of the industrial products company's stock valued at $2,630,000 after purchasing an additional 4,371 shares in the last quarter. Tidal Investments LLC grew its position in shares of Roper Technologies by 8.5% during the 3rd quarter. Tidal Investments LLC now owns 10,466 shares of the industrial products company's stock worth $5,824,000 after buying an additional 823 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after acquiring an additional 961 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

NYSE:ROP traded up $8.68 during midday trading on Thursday, hitting $559.76. The company's stock had a trading volume of 190,822 shares, compared to its average volume of 654,197. 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 fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm's 50 day moving average is $569.48 and its 200-day moving average is $554.22. The firm has a market cap of $60.11 billion, a P/E ratio of 39.03, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's payout ratio is presently 23.01%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ROP. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price target for the company. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Raymond James reissued 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $620.73.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of the company's 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 transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company insiders.

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.