Geode Capital Management LLC Buys 29,184 Shares of Roper Technologies, Inc. (NYSE:ROP)

Geode Capital Management LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,476,210 shares of the industrial products company's stock after purchasing an additional 29,184 shares during the period. Geode Capital Management LLC owned 2.31% of Roper Technologies worth $1,284,242,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $36,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies in the 4th quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. grew 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 purchasing an additional 75 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in Roper Technologies during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. Finally, Truist Financial restated a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $629.18.

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Roper Technologies Stock Performance

NYSE ROP traded down $37.90 during trading hours on Friday, reaching $541.80. 1,672,570 shares of the company were exchanged, compared to its average volume of 544,627. The stock has a market capitalization of $58.18 billion, a P/E ratio of 37.78, 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 1 year low of $499.47 and a 1 year high of $595.17. The business's 50 day simple moving average is $575.65 and its 200-day simple moving average is $554.63.

Roper Technologies Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.61%. Roper Technologies's payout ratio is currently 23.01%.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the 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 transaction, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company insiders.

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.