Hsbc Holdings PLC raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 314,299 shares of the industrial products company's stock after purchasing an additional 7,515 shares during the period. Hsbc Holdings PLC owned 0.29% of Roper Technologies worth $163,098,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Roper Technologies in the fourth quarter worth approximately $914,052,000. JPMorgan Chase & Co. lifted its position in shares of Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after purchasing an additional 360,632 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Roper Technologies in the 4th quarter valued at $148,070,000. Proficio Capital Partners LLC increased its position in shares of Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after buying an additional 279,795 shares during the period. Finally, Marshall Wace LLP raised its stake in Roper Technologies by 15,719.2% during the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock worth $114,719,000 after buying an additional 219,283 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ROP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus assumed coverage on Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price for the company. Truist Financial restated a "buy" rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $620.73.
Check Out Our Latest Stock Analysis on Roper Technologies
Roper Technologies Price Performance
ROP stock opened at $551.30 on Wednesday. The company has a market capitalization of $59.20 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The business has a 50-day simple moving average of $569.93 and a two-hundred day simple moving average of $554.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's payout ratio is currently 23.01%.
Insider Buying and Selling at Roper Technologies
In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred 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 owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. Corporate insiders own 0.87% of the company's stock.
About Roper Technologies
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP - Free Report).
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