27,500 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,500 shares of the industrial products company's stock, valued at approximately $14,296,000.

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

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the 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 of the company's stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last ninety days. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Truist Financial reaffirmed a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reiterated a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Stifel Nicolaus started coverage on Roper Technologies in a report on Thursday, March 27th. They set a "buy" rating and a $685.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $620.73.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $0.97 on Friday, hitting $557.24. 343,108 shares of the company traded hands, compared to its average volume of 552,992. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm's 50-day simple moving average is $570.92 and its 200 day simple moving average is $554.25. The company has a market cap of $59.84 billion, a P/E ratio of 38.86, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

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

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.