Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 34.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,996,183 shares of the industrial products company’s stock after selling 1,058,032 shares during the quarter. Franklin Resources Inc.’s holdings in Roper Technologies were worth $1,037,716,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. boosted its position in shares of Roper Technologies by 45.2% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 286 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 89 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Roper Technologies by 2.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,561 shares of the industrial products company’s stock valued at $4,970,000 after purchasing an additional 240 shares during the last quarter. RWA Wealth Partners LLC increased its position in shares of Roper Technologies by 19.1% during the 4th quarter. RWA Wealth Partners LLC now owns 5,236 shares of the industrial products company’s stock worth $2,722,000 after purchasing an additional 840 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Roper Technologies in the 4th quarter valued at about $17,555,000. Finally, Allianz SE purchased a new position in Roper Technologies during the fourth quarter worth about $130,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ROP shares. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. Barclays decreased their target price on 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 boosted their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer upped their price objective 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $629.18.

Roper Technologies Trading Down 1.7 %

ROP opened at $582.64 on Monday. The business’s 50-day simple moving average is $570.85 and its 200-day simple moving average is $553.74. The company has a market cap of $62.57 billion, a P/E ratio of 40.63, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid 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 0.57%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

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.