Vanguard Group Inc. Buys 72,503 Shares of Roper Technologies, Inc. (NYSE:ROP)

Vanguard Group Inc. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,575,103 shares of the industrial products company's stock after buying an additional 72,503 shares during the period. Vanguard Group Inc. owned approximately 9.86% of Roper Technologies worth $5,497,467,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth about $26,000. OFI Invest Asset Management acquired a new position in Roper Technologies during the fourth quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. grew its stake in 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 purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies during the 4th quarter worth approximately $45,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $49,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm's 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last quarter. 0.87% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Truist Financial reissued a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Stifel Nicolaus started coverage on Roper Technologies in a research note on Thursday. They issued a "buy" rating and a $685.00 price target for the company. Finally, Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $629.18.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $7.05 during trading on Friday, hitting $585.50. 416,212 shares of the company were exchanged, compared to its average volume of 632,230. 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, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market capitalization of $62.87 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The business's 50 day moving average is $569.64 and its 200-day moving average is $553.50.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, April 4th. 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.