Treasurer of the State of North Carolina Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Treasurer of the State of North Carolina grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,083 shares of the industrial products company’s stock after buying an additional 943 shares during the period. Treasurer of the State of North Carolina’s holdings in Roper Technologies were worth $35,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Roper Technologies Stock Down 0.8 %

NYSE:ROP opened at $549.60 on Friday. The company has a market cap of $59.02 billion, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $573.07 and a 200-day simple moving average of $553.90.

Roper Technologies Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Analyst Ratings Changes

A number of research firms recently weighed in on ROP. Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Truist Financial restated a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday. 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 objective on the stock. Finally, Oppenheimer raised their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $620.73.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % 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 worth $4,712,045 in the last three months. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies 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.