11,581 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,581 shares of the industrial products company’s stock, valued at approximately $6,020,000.

Several other institutional investors have also recently bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new position in Roper Technologies in the 4th quarter worth $26,000. OFI Invest Asset Management bought a new position in Roper Technologies in the 4th quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. raised 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 worth $40,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC bought a new position in Roper Technologies in the 4th quarter worth $45,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Roper Technologies in the 4th quarter worth $49,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ROP shares. TD Cowen upgraded shares of 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 report on Tuesday, January 28th. Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted 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. Barclays dropped their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial restated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $577.83 on Thursday. 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 firm’s 50-day simple moving average is $561.45 and its 200-day simple moving average is $552.40. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market cap of $62.05 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders 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 dividend on an annualized basis and a yield of 0.57%. 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.