Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Harbert Fund Advisors Inc.

Harbert Fund Advisors Inc. increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 227.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,025 shares of the industrial products company's stock after acquiring an additional 2,100 shares during the period. Harbert Fund Advisors Inc.'s holdings in Roper Technologies were worth $1,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Roper Technologies during the fourth quarter worth about $914,052,000. JPMorgan Chase & Co. grew its stake in shares of Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after buying an additional 360,632 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Roper Technologies during the 4th quarter worth about $148,070,000. Proficio Capital Partners LLC grew its position in Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after acquiring an additional 279,795 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Roper Technologies by 170.6% during the fourth quarter. National Bank of Canada FI now owns 265,194 shares of the industrial products company's stock worth $137,863,000 after purchasing an additional 167,199 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have commented on ROP shares. Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Oppenheimer lifted 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. JPMorgan Chase & Co. cut their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies Price Performance

ROP traded up $1.20 on Tuesday, hitting $567.08. 317,668 shares of the company were exchanged, compared to its average volume of 553,078. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. 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 $60.90 billion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The business's fifty day moving average is $572.41 and its 200 day moving average is $554.07.

Roper Technologies Dividend Announcement

The company also recently disclosed 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 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies's payout ratio is currently 23.01%.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now directly 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 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 insiders.

Roper Technologies Company 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.