Roper Technologies, Inc. (NYSE:ROP) Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 42.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,151,502 shares of the industrial products company's stock after buying an additional 1,529,716 shares during the period. Roper Technologies makes up 1.7% of T. Rowe Price Investment Management Inc.'s portfolio, making the stock its 7th largest holding. T. Rowe Price Investment Management Inc. owned 4.80% of Roper Technologies worth $2,678,009,000 as of its most recent filing with the SEC.

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

Roper Technologies Price Performance

Shares of ROP stock opened at $551.30 on Wednesday. The business has a fifty day simple moving average of $569.93 and a 200 day simple moving average of $554.24. The company has a market cap of $59.20 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies's payout ratio is currently 23.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ROP shares. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Stifel Nicolaus assumed coverage on Roper Technologies in a research note on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective on the stock. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a 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 issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $620.73.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction on 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 directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. 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.

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