Royal London Asset Management Ltd. Purchases 2,911 Shares of Roper Technologies, Inc. (NYSE:ROP)

Royal London Asset Management Ltd. grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,012 shares of the industrial products company's stock after purchasing an additional 2,911 shares during the period. Royal London Asset Management Ltd. owned about 0.10% of Roper Technologies worth $58,229,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Manchester Capital Management LLC grew its position in shares of Roper Technologies by 1.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock valued at $592,000 after acquiring an additional 18 shares during the period. Meridian Financial Partners LLC grew its holdings in Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after purchasing an additional 20 shares during the period. Principal Securities Inc. grew its holdings in Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock valued at $2,231,000 after purchasing an additional 20 shares during the period. Exchange Capital Management Inc. increased its position in Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock worth $1,426,000 after buying an additional 20 shares during the last quarter. Finally, PFG Investments LLC raised its stake in shares of Roper Technologies by 1.1% in the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company's stock valued at $1,011,000 after buying an additional 21 shares during the period. 93.31% of the stock is owned by institutional investors.

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Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ROP. Raymond James reiterated a "strong-buy" rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial restated a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $623.60.

Roper Technologies Stock Up 0.4 %

Shares of Roper Technologies stock traded up $2.42 during trading on Tuesday, hitting $579.07. The company's stock had a trading volume of 735,469 shares, compared to its average volume of 499,934. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a fifty day simple moving average of $565.51 and a two-hundred day simple moving average of $552.80. The company has a market capitalization of $62.18 billion, a PE ratio of 40.38, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

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

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.