Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,476,210 shares of the industrial products company’s stock after purchasing an additional 29,184 shares during the quarter. Geode Capital Management LLC owned approximately 2.31% of Roper Technologies worth $1,284,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. D.A. Davidson & CO. lifted its position in Roper Technologies by 11.9% in the third quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company’s stock valued at $828,000 after acquiring an additional 158 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Roper Technologies by 8.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,053 shares of the industrial products company’s stock valued at $1,142,000 after purchasing an additional 160 shares during the period. Erste Asset Management GmbH purchased a new position in Roper Technologies during the 3rd quarter worth approximately $2,769,000. Benjamin Edwards Inc. lifted its stake in Roper Technologies by 1,792.8% in the third quarter. Benjamin Edwards Inc. now owns 1,571 shares of the industrial products company’s stock valued at $874,000 after buying an additional 1,488 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Roper Technologies in the third quarter valued at approximately $9,253,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $590.78 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market capitalization of $63.44 billion, a P/E ratio of 41.20, a PEG ratio of 2.77 and a beta of 1.06. The company’s fifty day moving average is $573.39 and its two-hundred day moving average is $554.28.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $3.30 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

Several analysts recently commented on ROP shares. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus assumed coverage on Roper Technologies in a research note on Thursday, March 27th. They set a “buy” rating and a $685.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $629.18.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by company 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.