Martingale Asset Management L P Lowers Stake in Roper Technologies, Inc. (NYSE:ROP)

Martingale Asset Management L P trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,968 shares of the industrial products company’s stock after selling 1,010 shares during the quarter. Martingale Asset Management L P’s holdings in Roper Technologies were worth $24,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC purchased a new position in Roper Technologies in the fourth quarter valued at approximately $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies in the 4th quarter valued at $36,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 valued at $40,000 after acquiring an additional 75 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Roper Technologies during the 4th quarter worth $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Roper Technologies during the 4th quarter worth $45,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of ROP opened at $519.19 on Wednesday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market cap of $55.75 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.77 and a beta of 1.04. The stock has a 50 day moving average of $574.39 and a 200-day moving average of $553.94.

Roper Technologies Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.64%. Roper Technologies’s payout ratio is 23.01%.

Analyst Ratings Changes

A number of research analysts have commented on ROP shares. JPMorgan Chase & Co. reduced their price objective on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a research note on Tuesday. Raymond James reissued 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. Barclays dropped their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $620.73.

Insiders Place Their Bets

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction 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 owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock valued at $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.