Roper Technologies, Inc. (NYSE:ROP) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 351,566 shares of the industrial products company's stock after selling 10,598 shares during the quarter. The Manufacturers Life Insurance Company owned 0.33% of Roper Technologies worth $182,762,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ROP. Norges Bank bought a new position in shares of Roper Technologies in the 4th quarter worth $914,052,000. T. Rowe Price Investment Management Inc. raised its position in shares of Roper Technologies by 42.2% in the 4th 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 acquiring an additional 1,529,716 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after acquiring an additional 360,632 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Roper Technologies during the 4th quarter valued at about $148,070,000. Finally, Proficio Capital Partners LLC increased its position in Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after buying an additional 279,795 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

Shares of NYSE ROP traded down $2.49 during midday trading on Thursday, reaching $557.59. 590,172 shares of the stock were exchanged, compared to its average volume of 550,958. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $59.95 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 2.77 and a beta of 1.04. The firm has a 50-day simple moving average of $567.62 and a two-hundred day simple moving average of $554.69. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating 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%. The business's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.41 earnings per share. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's payout ratio is presently 23.81%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research report on Monday. JPMorgan Chase & Co. upped their target price on Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a research report on Tuesday. Royal Bank of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday. Truist Financial reissued a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird increased their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday. One 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.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $620.91.

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.