Headlands Technologies LLC Has $6.15 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Headlands Technologies LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1,083.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,820 shares of the industrial products company's stock after buying an additional 10,821 shares during the period. Roper Technologies makes up 0.6% of Headlands Technologies LLC's holdings, making the stock its 24th largest position. Headlands Technologies LLC's holdings in Roper Technologies were worth $6,145,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Roper Technologies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after buying an additional 29,184 shares in the last quarter. National Bank of Canada FI raised its position in Roper Technologies by 170.6% during the fourth quarter. National Bank of Canada FI now owns 265,194 shares of the industrial products company's stock valued at $137,863,000 after buying an additional 167,199 shares during the period. HighPoint Advisor Group LLC lifted its stake in Roper Technologies by 10.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 967 shares of the industrial products company's stock worth $503,000 after acquiring an additional 88 shares in the last quarter. C M Bidwell & Associates Ltd. grew its stake in Roper Technologies by 45.2% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 286 shares of the industrial products company's stock valued at $149,000 after acquiring an additional 89 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Roper Technologies by 2.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,561 shares of the industrial products company's stock valued at $4,970,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

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Roper Technologies Price Performance

Shares of ROP traded down $10.66 during mid-day trading on Thursday, reaching $579.70. The company had a trading volume of 994,246 shares, compared to its average volume of 540,483. The company's 50-day moving average is $574.51 and its 200-day moving average is $554.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $62.25 billion, a P/E ratio of 40.43, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Truist Financial reiterated a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James restated a "strong-buy" rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $629.18.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value 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. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 in the last 90 days. Corporate insiders own 0.87% of the company's stock.

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.