Barclays PLC Sells 14,063 Shares of Roper Technologies, Inc. (NYSE:ROP)

Barclays PLC cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 746,734 shares of the industrial products company’s stock after selling 14,063 shares during the quarter. Barclays PLC’s holdings in Roper Technologies were worth $388,192,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Douglas Lane & Associates LLC increased its holdings in Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after buying an additional 17,466 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after purchasing an additional 961 shares during the period. Nordea Investment Management AB lifted its stake in Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after purchasing an additional 42,016 shares during the last quarter. First Financial Bank Trust Division grew its holdings in Roper Technologies by 28.0% during the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock valued at $5,574,000 after purchasing an additional 2,343 shares during the period. Finally, Signal Advisors Wealth LLC increased its position in Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock worth $3,023,000 after buying an additional 1,719 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on ROP shares. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays reduced 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. Stifel Nicolaus assumed coverage on Roper Technologies in a research report on Thursday, March 27th. They set a “buy” rating and a $685.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Raymond James reissued a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) 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 issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $620.73.

Roper Technologies Stock Up 1.9 %

Shares of ROP opened at $560.16 on Monday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market cap of $60.15 billion, a P/E ratio of 39.06, a P/E/G ratio of 2.77 and a beta of 1.04. The stock has a 50 day simple moving average of $572.72 and a two-hundred day simple moving average of $553.99. 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. Shareholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s payout ratio is 23.01%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on 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 directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company’s stock.

About Roper Technologies

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.