Roper Technologies, Inc. (NYSE:ROP) Position Reduced by Curi RMB Capital LLC

Curi RMB Capital LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 56.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 503 shares of the industrial products company's stock after selling 663 shares during the period. Curi RMB Capital LLC's holdings in Roper Technologies were worth $262,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Roper Technologies by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 468,839 shares of the industrial products company's stock valued at $243,731,000 after purchasing an additional 67,363 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Roper Technologies by 2.3% during the fourth quarter. First Trust Advisors LP now owns 392,960 shares of the industrial products company's stock valued at $204,280,000 after acquiring an additional 8,865 shares during the last quarter. Forum Financial Management LP boosted its stake in shares of Roper Technologies by 3.8% during the fourth quarter. Forum Financial Management LP now owns 847 shares of the industrial products company's stock valued at $440,000 after acquiring an additional 31 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Roper Technologies by 111.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 33,364 shares of the industrial products company's stock valued at $17,344,000 after acquiring an additional 17,558 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Roper Technologies during the fourth quarter valued at $50,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 in the last three months. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Down 0.4 %

Shares of Roper Technologies stock traded down $1.96 during trading hours on Friday, reaching $557.70. The stock had a trading volume of 671,002 shares, compared to its average volume of 551,502. The firm has a 50 day simple moving average of $568.90 and a two-hundred day simple moving average of $554.64. The firm has a market capitalization of $59.89 billion, a price-to-earnings ratio of 38.89, 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. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies Dividend Announcement

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 $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ROP shares. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. 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. Stifel Nicolaus assumed coverage on Roper Technologies in a research note on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target on the stock. Finally, Oppenheimer raised their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $620.73.

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.