Sciencast Management LP Acquires Shares of 1,406 Roper Technologies, Inc. (NYSE:ROP)

Sciencast Management LP bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,406 shares of the industrial products company's stock, valued at approximately $731,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock worth $2,632,199,000 after purchasing an additional 132,575 shares during the period. Geode Capital Management LLC grew its holdings in shares of Roper Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock worth $1,357,162,000 after purchasing an additional 51,131 shares during the last quarter. Wellington Management Group LLP increased its stake in Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after buying an additional 345,268 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Roper Technologies by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 673,193 shares of the industrial products company's stock valued at $349,959,000 after buying an additional 24,290 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Roper Technologies by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after buying an additional 45,947 shares during the period. Institutional investors own 93.31% of the company's stock.

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Roper Technologies Stock Up 1.7 %

NYSE ROP traded up $9.84 on Thursday, hitting $592.55. The stock had a trading volume of 627,319 shares, compared to its average volume of 499,602. The business's fifty day moving average price is $568.17 and its 200 day moving average price is $553.23. The stock has a market cap of $63.63 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies's payout ratio is 23.01%.

Analyst Ratings Changes

Several analysts have recently weighed in on ROP shares. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. 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 report on Friday, January 31st. Oppenheimer raised their price target on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Finally, Stifel Nicolaus initiated coverage on shares of Roper Technologies in a research report on Thursday. They set a "buy" rating and a $685.00 target price on the stock. One 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $629.18.

Insider Activity

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company's stock, valued at $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. 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 over the last 90 days. 0.87% of the stock is currently owned by corporate 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.