Taikang Asset Management Hong Kong Co Ltd Invests $4.11 Million in Roper Technologies, Inc. (NYSE:ROP)

Taikang Asset Management Hong Kong Co Ltd purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 7,900 shares of the industrial products company’s stock, valued at approximately $4,107,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the fourth quarter valued at $26,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $36,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares in the last quarter. OFI Invest Asset Management bought a new position in Roper Technologies in the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Roper Technologies in the fourth quarter worth about $45,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction 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 directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $576.65 on Tuesday. The company has a market cap of $61.92 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 2.77 and a beta of 1.06. The business’s fifty day simple moving average is $565.51 and its two-hundred day simple moving average is $552.80. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Analysts Set New Price Targets

A number of research firms have weighed in on ROP. Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped 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. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target 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.