MV Capital Management Inc. Sells 49 Shares of Roper Technologies, Inc. (NYSE:ROP)

MV Capital Management Inc. reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72 shares of the industrial products company’s stock after selling 49 shares during the quarter. MV Capital Management Inc.’s holdings in Roper Technologies were worth $37,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies in the 4th quarter valued at approximately $36,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Roper Technologies by 7,500.0% in 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 purchasing an additional 75 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in Roper Technologies in the fourth quarter worth $45,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 1.7 %

ROP stock opened at $582.64 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 stock has a market capitalization of $62.57 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.77 and a beta of 1.06. The business has a fifty day moving average price of $570.85 and a 200-day moving average price of $553.71.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent research reports. Stifel Nicolaus assumed coverage on shares of Roper Technologies in a research report on Thursday. They issued a “buy” rating and a $685.00 target price on the stock. Barclays decreased their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $629.18.

Insider Activity

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, 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 a total of 8,101 shares of company stock valued at $4,712,045 in the last 90 days. 0.87% of the stock is currently owned by 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.