Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,072 shares of the industrial products company's stock after selling 853 shares during the period. Machina Capital S.A.S.'s holdings in Roper Technologies were worth $1,077,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after acquiring an additional 345,268 shares during the period. Raymond James Financial Inc. acquired a new stake in Roper Technologies during the fourth quarter worth about $148,070,000. Proficio Capital Partners LLC raised its stake in 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 purchasing an additional 279,795 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $69,382,000. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after buying an additional 132,913 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

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Roper Technologies Stock Up 0.1 %

NYSE ROP traded up $0.67 during trading hours on Wednesday, hitting $566.42. 620,947 shares of the company were exchanged, compared to its average volume of 498,186. The company has a 50 day moving average of $554.32 and a two-hundred day moving average of $551.56. 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 $60.83 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

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 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio is presently 23.01%.

Insider Transactions at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $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. In the last three months, insiders sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Raymond James reiterated 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. Finally, JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $623.60.

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.