Geode Capital Management LLC Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Geode Capital Management LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,476,210 shares of the industrial products company’s stock after acquiring an additional 29,184 shares during the period. Geode Capital Management LLC’s holdings in Roper Technologies were worth $1,284,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies during the 4th quarter worth about $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies in the 4th quarter worth approximately $36,000. OFI Invest Asset Management acquired a new position in Roper Technologies in the 4th quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. lifted 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 worth $40,000 after purchasing an additional 75 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.2 %

NYSE:ROP opened at $590.78 on Wednesday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The business’s 50-day moving average is $573.39 and its two-hundred day moving average is $554.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market capitalization of $63.44 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

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

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 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 of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial reiterated a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Oppenheimer boosted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

About Roper Technologies

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.