C M Bidwell & Associates Ltd. Has $149,000 Position in Roper Technologies, Inc. (NYSE:ROP)

C M Bidwell & Associates Ltd. lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 45.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 286 shares of the industrial products company’s stock after buying an additional 89 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Roper Technologies were worth $149,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the fourth quarter worth about $36,000. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 buying an additional 75 shares in the last quarter. OFI Invest Asset Management bought a new stake in Roper Technologies in the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Roper Technologies during the 4th quarter worth approximately $45,000. 93.31% of the stock is owned by institutional investors.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % 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, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ROP shares. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial restated a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target 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 raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $535.00 to $615.00 in a research report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $629.18.

Roper Technologies Trading Down 1.7 %

Shares of Roper Technologies stock opened at $582.64 on Monday. 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 business has a fifty day simple moving average of $570.85 and a two-hundred day simple moving average of $553.74. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s payout ratio is 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.