Kennedy Capital Management LLC trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,892 shares of the industrial products company's stock after selling 689 shares during the period. Kennedy Capital Management LLC's holdings in Roper Technologies were worth $9,301,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in ROP. Vanguard Group Inc. raised its position in shares of Roper Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the last quarter. Geode Capital Management LLC increased its position in Roper Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after purchasing an additional 29,184 shares in the last quarter. Norges Bank acquired a new position in Roper Technologies in the 4th quarter valued at about $914,052,000. Invesco Ltd. boosted its stake in shares of Roper Technologies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after purchasing an additional 31,531 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after buying an additional 360,632 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on ROP shares. Oppenheimer lifted their target price 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. Stifel Nicolaus initiated coverage on Roper Technologies in a research note on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target on the stock. Barclays dropped their price objective 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. JPMorgan Chase & Co. dropped their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $620.73.
Get Our Latest Stock Analysis on Roper Technologies
Roper Technologies Stock Up 0.2 %
NYSE:ROP traded up $1.20 during mid-day trading on Tuesday, hitting $567.08. The company had a trading volume of 317,668 shares, compared to its average volume of 553,078. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The business has a fifty day simple moving average of $572.41 and a 200-day simple moving average of $554.07. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $60.90 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 2.77 and a beta of 1.04.
Roper Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given 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 dividend payout ratio (DPR) is 23.01%.
Insider Activity
In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred 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 sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last 90 days. Company insiders own 0.87% of the company's stock.
Roper Technologies Company Profile
(
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.
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