Blair William & Co. IL Decreases Stake in Roper Technologies, Inc. (NYSE:ROP)

Blair William & Co. IL lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 34,680 shares of the industrial products company’s stock after selling 439 shares during the quarter. Blair William & Co. IL’s holdings in Roper Technologies were worth $18,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the period. State Street Corp lifted its stake in Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after acquiring an additional 132,575 shares during the period. Geode Capital Management LLC lifted its stake in Roper Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock valued at $1,357,162,000 after acquiring an additional 51,131 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock valued at $531,633,000 after acquiring an additional 360,632 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Roper Technologies by 11.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 966,551 shares of the industrial products company’s stock worth $497,426,000 after purchasing an additional 97,706 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ROP shares. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Stifel Nicolaus started coverage on shares of Roper Technologies in a report on Thursday. They set a “buy” rating and a $685.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $629.18.

Roper Technologies Stock Down 1.7 %

ROP opened at $582.64 on Friday. The company has a market cap of $62.57 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a 50-day moving average price of $570.85 and a 200 day moving average price of $553.70. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

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.