BI Asset Management Fondsmaeglerselskab A S Buys 841 Shares of Roper Technologies, Inc. (NYSE:ROP)

BI Asset Management Fondsmaeglerselskab A S raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 29.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

ROP has been the subject of a number of recent research reports. Stifel Nicolaus started coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They issued a “buy” rating and a $685.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $620.73.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Down 3.2 %

ROP opened at $539.27 on Tuesday. 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 business’s fifty day simple moving average is $570.37 and its 200 day simple moving average is $554.26. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market cap of $57.91 billion, a PE ratio of 37.61, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. Roper Technologies’s payout ratio is 23.01%.

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.