1,406 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by Sciencast Management LP

Sciencast Management LP bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,406 shares of the industrial products company’s stock, valued at approximately $731,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Empowered Funds LLC grew its holdings in Roper Technologies by 11.7% in the third quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock valued at $1,173,000 after purchasing an additional 220 shares during the period. Thrivent Financial for Lutherans grew its holdings in Roper Technologies by 3.7% in the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock valued at $4,235,000 after purchasing an additional 269 shares during the period. Commerce Bank grew its holdings in Roper Technologies by 3.1% in the third quarter. Commerce Bank now owns 6,538 shares of the industrial products company’s stock valued at $3,638,000 after purchasing an additional 195 shares during the period. Advisors Asset Management Inc. grew its holdings in Roper Technologies by 15.7% in the third quarter. Advisors Asset Management Inc. now owns 4,036 shares of the industrial products company’s stock valued at $2,246,000 after purchasing an additional 549 shares during the period. Finally, Citizens Financial Group Inc. RI grew its holdings in Roper Technologies by 62.2% in the third quarter. Citizens Financial Group Inc. RI now owns 1,643 shares of the industrial products company’s stock valued at $914,000 after purchasing an additional 630 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. 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 currently owned by company insiders.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $572.18 on Friday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a market cap of $61.44 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business’s 50 day moving average price is $564.14 and its 200 day moving average price is $552.69.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s payout ratio is 23.01%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research analyst reports. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Barclays decreased their target price 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. Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies 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.