Taikang Asset Management Hong Kong Co Ltd Purchases New Position in Roper Technologies, Inc. (NYSE:ROP)

Taikang Asset Management Hong Kong Co Ltd acquired a new stake in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,900 shares of the industrial products company’s stock, valued at approximately $4,107,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies during the fourth quarter worth about $36,000. ICW Investment Advisors LLC boosted its position in Roper Technologies by 13.1% during the 4th quarter. ICW Investment Advisors LLC now owns 1,445 shares of the industrial products company’s stock worth $751,000 after buying an additional 167 shares during the period. Vanguard Group Inc. grew its holdings in Roper Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after acquiring an additional 72,503 shares during the last quarter. Stevens Capital Management LP acquired a new position in Roper Technologies in the 4th quarter valued at approximately $242,000. Finally, LPL Financial LLC raised its stake in shares of Roper Technologies by 15.9% during the fourth quarter. LPL Financial LLC now owns 69,331 shares of the industrial products company’s stock valued at $36,042,000 after acquiring an additional 9,510 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $576.65 on Tuesday. The stock has a market capitalization of $61.92 billion, a PE ratio of 40.21, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company’s 50 day simple moving average is $565.51 and its two-hundred day simple moving average is $552.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was 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 of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on ROP. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Oppenheimer boosted their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Company Profile

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.