Curi RMB Capital LLC Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Curi RMB Capital LLC decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 56.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 503 shares of the industrial products company’s stock after selling 663 shares during the quarter. Curi RMB Capital LLC’s holdings in Roper Technologies were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Dimensional Fund Advisors LP raised its holdings in Roper Technologies by 16.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 468,839 shares of the industrial products company’s stock worth $243,731,000 after purchasing an additional 67,363 shares during the period. First Trust Advisors LP grew its stake in shares of Roper Technologies by 2.3% during the 4th quarter. First Trust Advisors LP now owns 392,960 shares of the industrial products company’s stock valued at $204,280,000 after acquiring an additional 8,865 shares during the period. Forum Financial Management LP lifted its holdings in Roper Technologies by 3.8% during the fourth quarter. Forum Financial Management LP now owns 847 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 31 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Roper Technologies by 111.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 33,364 shares of the industrial products company’s stock worth $17,344,000 after purchasing an additional 17,558 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Roper Technologies during the 4th quarter valued at $50,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROP has been the topic of several research analyst reports. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a “buy” rating and a $685.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating 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 report on Wednesday, January 8th. Finally, Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $620.73.

Roper Technologies Stock Down 3.2 %

NYSE ROP opened at $539.27 on Tuesday. 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 market capitalization of $57.91 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.77 and a beta of 1.04. The company has a fifty day moving average of $570.37 and a two-hundred day moving average of $554.26.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued 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 0.61%. Roper Technologies’s payout ratio is 23.01%.

Insider Buying and Selling

In other Roper Technologies news, 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 $22,504,253.28. This represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. 0.87% of the stock is owned by company insiders.

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.