Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 27,385 shares of the industrial products company’s stock after selling 400 shares during the period. Gamco Investors INC. ET AL’s holdings in Roper Technologies were worth $14,236,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies during the 4th quarter valued at about $26,000. CoreFirst Bank & Trust acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 worth $40,000 after buying an additional 75 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays reduced their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus assumed coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target on the stock. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $620.73.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $567.08 on Wednesday. The stock has a market capitalization of $60.90 billion, a PE ratio of 39.55, a P/E/G ratio of 2.77 and a beta of 1.04. 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, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The firm has a 50 day moving average of $572.08 and a two-hundred day moving average of $554.16.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s payout ratio is 23.01%.

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.