Price T Rowe Associates Inc. MD Sells 1,072,072 Shares of Roper Technologies, Inc. (NYSE:ROP)

Price T Rowe Associates Inc. MD reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 16.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,462,776 shares of the industrial products company’s stock after selling 1,072,072 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.05% of Roper Technologies worth $2,839,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ROP. Harvest Investment Services LLC bought a new position in Roper Technologies during the fourth quarter worth $213,000. Hsbc Holdings PLC boosted its holdings in shares of Roper Technologies by 2.4% during the 4th quarter. Hsbc Holdings PLC now owns 314,299 shares of the industrial products company’s stock worth $163,098,000 after buying an additional 7,515 shares during the period. OneDigital Investment Advisors LLC grew its stake in Roper Technologies by 2.1% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,021 shares of the industrial products company’s stock valued at $531,000 after buying an additional 21 shares during the last quarter. Stifel Financial Corp raised its holdings in Roper Technologies by 5.5% in the 4th quarter. Stifel Financial Corp now owns 54,800 shares of the industrial products company’s stock valued at $28,494,000 after acquiring an additional 2,879 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in Roper Technologies by 2.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 7,064 shares of the industrial products company’s stock worth $3,671,000 after acquiring an additional 194 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of ROP stock opened at $551.30 on Wednesday. The business has a fifty day simple moving average of $569.93 and a 200 day simple moving average of $554.24. The company has a market cap of $59.20 billion, a P/E ratio of 38.44, 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 twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies’s payout ratio is currently 23.01%.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on ROP shares. JPMorgan Chase & Co. dropped their price target on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. Truist Financial restated a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $620.73.

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.