BI Asset Management Fondsmaeglerselskab A S Has $1.93 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 29.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,716 shares of the industrial products company's stock after acquiring an additional 841 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Roper Technologies were worth $1,932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. Manchester Capital Management LLC lifted its stake in Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock valued at $592,000 after buying an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC lifted its stake in Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after buying an additional 18 shares in the last quarter. Meridian Financial Partners LLC lifted its stake in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after buying an additional 20 shares in the last quarter. Principal Securities Inc. lifted its stake in Roper Technologies by 0.5% in the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock valued at $2,231,000 after buying an additional 20 shares in the last quarter. Finally, Exchange Capital Management Inc. lifted its stake in Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock valued at $1,426,000 after buying an additional 20 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $1.96 during trading on Friday, reaching $557.70. 671,002 shares of the stock were exchanged, compared to its average volume of 551,502. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The firm has a market cap of $59.89 billion, a PE ratio of 38.89, a PEG ratio of 2.77 and a beta of 1.04. The stock has a 50-day moving average price of $568.90 and a 200-day moving average price of $554.64. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio is presently 23.01%.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % 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. Company insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROP. Stifel Nicolaus began coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target on the stock. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Truist Financial restated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $620.73.

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.