Invesco Ltd. Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Invesco Ltd. raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,490,212 shares of the industrial products company's stock after buying an additional 31,531 shares during the period. Invesco Ltd. owned about 1.39% of Roper Technologies worth $774,687,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. VSM Wealth Advisory LLC purchased a new position in Roper Technologies during the 4th quarter valued at $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $36,000. OFI Invest Asset Management purchased a new position in Roper Technologies in the 4th quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Roper Technologies by 7,500.0% during 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 buying an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Roper Technologies in the 4th quarter valued at about $45,000. Institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ROP shares. Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Truist Financial restated 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. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their target price 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 issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

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Roper Technologies Stock Up 1.9 %

Shares of ROP stock traded up $10.56 during trading hours on Friday, reaching $560.16. 669,052 shares of the company's stock were exchanged, compared to its average volume of 554,723. 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 company has a market cap of $60.15 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock's 50 day moving average is $572.72 and its 200-day moving average is $553.99.

Roper Technologies Dividend Announcement

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

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction dated 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 transaction, the vice president now owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. The trade was 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 valued at $4,712,045 in the last three months. 0.87% of the stock is owned by insiders.

Roper Technologies 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.