Skandinaviska Enskilda Banken AB publ Has $49.91 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,996 shares of the industrial products company's stock after buying an additional 6,956 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.09% of Roper Technologies worth $49,913,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ROP. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 worth $40,000 after buying an additional 75 shares in the last quarter. OFI Invest Asset Management acquired a new position in Roper Technologies in the fourth quarter valued at about $38,000. Golden State Wealth Management LLC bought a new position in Roper Technologies during the 4th quarter worth approximately $45,000. Ameliora Wealth Management Ltd. bought a new position in Roper Technologies during the fourth quarter worth about $49,000. Finally, J.Safra Asset Management Corp increased its stake in Roper Technologies by 113.0% during the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock worth $51,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Friday, January 31st. The stock was 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 in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction that occurred 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 directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. Insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

ROP has been the subject of several analyst reports. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer boosted 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. Truist Financial restated a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Finally, Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $623.60.

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Roper Technologies Stock Performance

Shares of ROP opened at $566.42 on Thursday. The firm has a market capitalization of $60.83 billion, a P/E ratio of 39.50, a PEG 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 one year low of $499.47 and a one year high of $595.17. The business has a fifty day moving average of $555.26 and a 200 day moving average of $551.66.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies's payout ratio is 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.

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