Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 30.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 55,570 shares of the industrial products company's stock after purchasing an additional 13,053 shares during the quarter. Voya Investment Management LLC owned 0.05% of Roper Technologies worth $28,888,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the fourth quarter worth about $26,000. CoreFirst Bank & Trust acquired a new stake in Roper Technologies during the fourth quarter valued at approximately $36,000. OFI Invest Asset Management acquired a new position in Roper Technologies in the fourth quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Roper Technologies by 7,500.0% in the fourth 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 acquired a new stake in shares of Roper Technologies during the 4th quarter valued at $45,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 0.4 %

ROP stock opened at $557.70 on Friday. The company has a 50 day moving average of $568.90 and a two-hundred day moving average of $554.53. The company has a market cap of $59.89 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. 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 Announces Dividend

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

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price 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. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Stifel Nicolaus began coverage on shares of Roper Technologies in a report on Thursday, March 27th. They set a "buy" rating and a $685.00 price target on the stock. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $620.73.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last 90 days. 0.87% of the stock is currently owned by corporate 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.

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