Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,778 shares of the industrial products company's stock after buying an additional 1,039 shares during the period. Vident Advisory LLC's holdings in Roper Technologies were worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROP. Norges Bank purchased a new position in shares of Roper Technologies in the fourth quarter worth about $914,052,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after purchasing an additional 360,632 shares during the period. Raymond James Financial Inc. purchased a new position in Roper Technologies during the fourth quarter worth about $148,070,000. Finally, Proficio Capital Partners LLC raised its stake in Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after purchasing an additional 279,795 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. Stifel Nicolaus reduced their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. William Blair assumed coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Truist Financial reaffirmed a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Trading Down 0.4%

Shares of Roper Technologies stock traded down $2.04 on Friday, reaching $567.03. The company had a trading volume of 375,125 shares, compared to its average volume of 548,436. The firm's 50 day moving average price is $565.57 and its two-hundred day moving average price is $557.42. The firm has a market cap of $60.96 billion, a PE ratio of 39.54, a PEG ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. 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 (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the prior year, the company posted $4.41 EPS. The business's revenue was up 12.0% compared to the same quarter last year. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is presently 23.81%.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company's stock.

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.