Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Sirios Capital Management L P

Sirios Capital Management L P decreased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,893 shares of the industrial products company's stock after selling 1,157 shares during the quarter. Roper Technologies makes up 3.6% of Sirios Capital Management L P's portfolio, making the stock its 7th biggest position. Sirios Capital Management L P's holdings in Roper Technologies were worth $20,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the 4th quarter worth $36,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the 4th quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Roper Technologies during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 2.2 %

Roper Technologies stock opened at $551.30 on Wednesday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market cap of $59.20 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 2.77 and a beta of 1.04. The company's 50-day moving average price is $569.93 and its two-hundred day moving average price is $554.24. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus started 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. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer raised their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Truist Financial reiterated a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price 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 issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $620.73.

Insiders Place Their Bets

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 Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. Company 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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