Roper Technologies, Inc. (NYSE:ROP) Stake Boosted by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 67.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,601 shares of the industrial products company’s stock after purchasing an additional 5,087 shares during the period. ExodusPoint Capital Management LP’s holdings in Roper Technologies were worth $6,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies in the fourth quarter valued at $36,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the fourth quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Roper Technologies by 7,500.0% during the fourth 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. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth about $45,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on ROP. Oppenheimer upped their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research 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. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Stifel Nicolaus started coverage on Roper Technologies in a research note on Thursday, March 27th. They set a “buy” rating and a $685.00 price target for the company. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Insider Activity

In other news, 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 completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Down 6.5 %

Shares of NYSE:ROP opened at $541.80 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. 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 company has a market cap of $58.18 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The firm has a 50 day simple moving average of $575.65 and a 200 day simple moving average of $554.63.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 annualized dividend and a dividend yield of 0.61%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

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.