Applied Finance Capital Management LLC Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Applied Finance Capital Management LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,464 shares of the industrial products company's stock after acquiring an additional 1,917 shares during the quarter. Roper Technologies comprises 2.4% of Applied Finance Capital Management LLC's holdings, making the stock its 8th largest holding. Applied Finance Capital Management LLC owned 0.10% of Roper Technologies worth $55,865,000 at the end of the most recent reporting period.

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Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in Roper Technologies during the 4th quarter valued at about $14,296,000. Bank of Nova Scotia lifted its holdings in shares of Roper Technologies by 251.5% in the fourth quarter. Bank of Nova Scotia now owns 61,166 shares of the industrial products company's stock valued at $31,797,000 after purchasing an additional 43,764 shares in the last quarter. Rathbones Group PLC boosted its position in shares of Roper Technologies by 65.1% during the fourth quarter. Rathbones Group PLC now owns 104,618 shares of the industrial products company's stock valued at $54,386,000 after buying an additional 41,237 shares during the last quarter. Invesco Ltd. grew its holdings in Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after buying an additional 31,531 shares in the last quarter. Finally, FMR LLC raised its position in Roper Technologies by 8.3% in the 4th quarter. FMR LLC now owns 391,120 shares of the industrial products company's stock valued at $203,324,000 after buying an additional 29,880 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 over the last three months. 0.87% of the stock is owned by insiders.

Roper Technologies Price Performance

Roper Technologies stock opened at $532.54 on Tuesday. The business has a 50-day simple moving average of $575.47 and a 200 day simple moving average of $554.46. 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 $57.19 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.77 and a beta of 1.04. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Dividend Announcement

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 $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective on the stock. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Raymond James reissued a "strong-buy" rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $629.18.

Check Out Our Latest Research Report on Roper Technologies

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.

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