Roper Technologies, Inc. (NYSE:ROP) Stock Position Decreased by Fourpath Capital Management LLC

Fourpath Capital Management LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,675 shares of the industrial products company’s stock after selling 143 shares during the period. Fourpath Capital Management LLC’s holdings in Roper Technologies were worth $3,990,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co grew its stake in Roper Technologies by 120.2% during the 4th quarter. CENTRAL TRUST Co now owns 229 shares of the industrial products company’s stock worth $119,000 after buying an additional 125 shares during the last quarter. River Street Advisors LLC grew its position in shares of Roper Technologies by 16.6% during the fourth quarter. River Street Advisors LLC now owns 985 shares of the industrial products company’s stock worth $512,000 after acquiring an additional 140 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Roper Technologies by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 2,637 shares of the industrial products company’s stock worth $1,371,000 after acquiring an additional 32 shares during the period. Western Financial Corp CA lifted its position in Roper Technologies by 3.2% in the 4th quarter. Western Financial Corp CA now owns 1,809 shares of the industrial products company’s stock valued at $940,000 after purchasing an additional 56 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its stake in Roper Technologies by 28.3% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 1,745 shares of the industrial products company’s stock valued at $907,000 after purchasing an additional 385 shares during the period. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $577.04 on Tuesday. The company has a market capitalization of $61.88 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a fifty day moving average of $535.93 and a 200-day moving average of $544.64. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.31.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ROP. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Raymond James restated 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Buying and Selling

In related 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 transaction of $578,040.00. Following the transaction, the vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated 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 $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 quarter, insiders have sold 4,351 shares of company stock valued at $2,514,103. 0.87% of the stock is owned by corporate insiders.

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.