Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,437 shares of the industrial products company’s stock after acquiring an additional 1,575 shares during the period. UniSuper Management Pty Ltd’s holdings in Roper Technologies were worth $11,144,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the fourth quarter worth approximately $36,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the fourth quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 valued at $40,000 after acquiring an additional 75 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in Roper Technologies during the 4th quarter worth $45,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of ROP stock opened at $592.55 on Friday. The firm has a market cap of $63.63 billion, a P/E ratio of 41.32, a P/E/G ratio of 2.77 and a beta of 1.06. The firm has a fifty day moving average of $569.64 and a two-hundred day moving average of $553.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.78.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the business’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 value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on ROP shares. Oppenheimer raised their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus started coverage on shares of Roper Technologies in a research report on Thursday. They set a “buy” rating and a $685.00 target price on the stock. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $629.18.

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.