XTX Topco Ltd Makes New $1.45 Million Investment in Roper Technologies, Inc. (NYSE:ROP)

XTX Topco Ltd bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,787 shares of the industrial products company's stock, valued at approximately $1,449,000.

Several other large investors have also recently bought and sold shares of the stock. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $36,000. OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in 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. Finally, Golden State Wealth Management LLC bought a new stake in Roper Technologies in the fourth quarter valued at $45,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on ROP. JPMorgan Chase & Co. dropped their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Oppenheimer increased their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price target on the stock. Truist Financial reaffirmed 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. Finally, Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $620.73.

Roper Technologies Stock Up 0.2 %

Shares of Roper Technologies stock traded up $0.97 during trading hours on Friday, reaching $557.24. 343,108 shares of the company's stock were exchanged, compared to its average volume of 552,992. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market cap of $59.84 billion, a P/E ratio of 38.86, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $570.92 and a two-hundred day moving average of $554.25.

Roper Technologies Announces Dividend

The company 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 dividend of $0.825 per share. 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 0.59%. Roper Technologies's payout ratio is 23.01%.

Insider Buying and Selling at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly 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 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 over the last quarter. 0.87% of the stock is currently owned by insiders.

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.