Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,671 shares of the industrial products company's stock after purchasing an additional 706 shares during the period. Massachusetts Financial Services Co. MA's holdings in Roper Technologies were worth $12,825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the fourth quarter worth $36,000. OFI Invest Asset Management purchased a new stake in Roper Technologies during the fourth quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after buying an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated 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 of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 over the last three months. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ROP. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their target price on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research note on Tuesday. Barclays lowered their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price target (up previously 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 given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies Trading Up 1.9 %

Shares of Roper Technologies stock traded up $10.56 during trading hours on Friday, hitting $560.16. The company's stock had a trading volume of 669,052 shares, compared to its average volume of 554,866. The business has a fifty day moving average of $572.72 and a 200 day moving average of $553.98. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. 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 company has a market capitalization of $60.15 billion, a PE ratio of 39.06, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

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

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.