35,920 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,920 shares of the industrial products company’s stock, valued at approximately $18,673,000.

Other large investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies during the fourth quarter worth about $26,000. OFI Invest Asset Management purchased a new stake in Roper Technologies during the fourth quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. increased 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 worth $40,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter worth about $45,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Roper Technologies during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

NYSE:ROP opened at $572.18 on Monday. The firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a fifty day moving average of $564.14 and a 200 day moving average of $552.65. 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 Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is 23.01%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ROP shares. Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Oppenheimer increased their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. TD Cowen upgraded shares of 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 report on Tuesday, January 28th. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Truist Financial reiterated a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

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.