Machina Capital S.A.S. Cuts Position in Roper Technologies, Inc. (NYSE:ROP)

Machina Capital S.A.S. decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 29.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,072 shares of the industrial products company’s stock after selling 853 shares during the period. Machina Capital S.A.S.’s holdings in Roper Technologies were worth $1,077,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. QRG Capital Management Inc. raised its stake in Roper Technologies by 7.3% during the third quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company’s stock valued at $1,068,000 after buying an additional 130 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Roper Technologies by 9.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,819 shares of the industrial products company’s stock worth $2,125,000 after purchasing an additional 320 shares during the last quarter. Forte Capital LLC ADV raised its position in shares of Roper Technologies by 11.1% in the 3rd quarter. Forte Capital LLC ADV now owns 582 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 58 shares during the last quarter. Tandem Investment Advisors Inc. boosted its stake in Roper Technologies by 6.4% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 63,495 shares of the industrial products company’s stock worth $35,331,000 after purchasing an additional 3,839 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in Roper Technologies during the 3rd quarter valued at about $395,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on ROP shares. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer increased their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Stock Performance

ROP stock opened at $588.38 on Friday. 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, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market cap of $63.18 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The stock’s fifty day moving average price is $552.27 and its 200-day moving average price is $551.19.

Roper Technologies Announces Dividend

The company also recently announced 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. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies’s payout ratio is 23.01%.

Insider Buying and Selling at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last three months. 0.87% of the stock is currently owned by company insiders.

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.