Blueshift Asset Management LLC Has $765,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Blueshift Asset Management LLC increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 266.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,472 shares of the industrial products company’s stock after acquiring an additional 1,070 shares during the quarter. Blueshift Asset Management LLC’s holdings in Roper Technologies were worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 buying an additional 75 shares in the last quarter. OFI Invest Asset Management acquired a new position in Roper Technologies in the 4th quarter valued at $38,000. Golden State Wealth Management LLC acquired a new position in Roper Technologies in the 4th quarter valued at $45,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies in the 4th quarter valued at $49,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 value of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated 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 sale, the chief financial officer now directly 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 have sold 8,101 shares of company stock valued at $4,712,045 over the last ninety days. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on ROP shares. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. upped 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. Finally, TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $623.60.

Roper Technologies Stock Performance

NYSE:ROP opened at $577.83 on Thursday. The stock’s 50-day simple moving average is $561.45 and its 200 day simple moving average is $552.40. The firm has a market capitalization of $62.05 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. 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, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, April 4th. 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.