Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,101 shares of the industrial products company's stock after acquiring an additional 49,405 shares during the quarter. APG Asset Management N.V. owned 0.14% of Roper Technologies worth $73,347,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Douglas Lane & Associates LLC increased its holdings in shares of Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after purchasing an additional 17,466 shares in the last quarter. Synovus Financial Corp increased its holdings in Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after buying an additional 961 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after acquiring an additional 42,016 shares during the period. First Financial Bank Trust Division boosted its stake in shares of Roper Technologies by 28.0% during the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock worth $5,574,000 after acquiring an additional 2,343 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its position in shares of Roper Technologies by 42.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after acquiring an additional 1,719 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

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Roper Technologies Price Performance

Shares of NYSE:ROP traded up $10.56 during midday trading 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. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market cap of $60.15 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business's 50 day simple moving average is $572.72 and its 200 day simple moving average is $553.98.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on ROP. JPMorgan Chase & Co. lowered their price target on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Raymond James reiterated a "strong-buy" rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target for the company. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. Finally, Truist Financial reiterated a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $620.73.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction 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 transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last ninety days. Corporate insiders own 0.87% of the company's stock.

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.