Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,197 shares of the industrial products company's stock after selling 833 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of Roper Technologies worth $45,849,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ROP. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Roper Technologies by 7,500.0% during 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 Roper Technologies in the fourth quarter worth approximately $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $49,000. Global Wealth Strategies & Associates increased its holdings in shares of Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock valued at $52,000 after acquiring an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $55,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROP. Barclays cut their price objective 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. Raymond James reiterated a "strong-buy" rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer lifted their price objective 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 price objective on Roper Technologies in a report on Friday, January 31st. Finally, Truist Financial reaffirmed a "buy" rating and issued a $675.00 price objective (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 assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $623.60.

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Roper Technologies Trading Up 0.0 %

NYSE:ROP traded up $0.09 during midday trading on Friday, hitting $588.38. The stock had a trading volume of 462,663 shares, compared to its average volume of 496,449. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.77 and a beta of 1.06. The stock has a 50-day moving average of $552.27 and a 200 day moving average of $551.22. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction 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 transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock worth $4,712,045. 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.