PDS Planning Inc Lowers Stake in Roper Technologies, Inc. (NYSE:ROP)

PDS Planning Inc cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 668 shares of the industrial products company’s stock after selling 29 shares during the quarter. PDS Planning Inc’s holdings in Roper Technologies were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ROP. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the fourth quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter worth approximately $45,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies in the fourth quarter worth approximately $49,000. Finally, J.Safra Asset Management Corp boosted its position in shares of Roper Technologies by 113.0% in the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 52 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.2 %

NYSE ROP opened at $576.86 on Wednesday. The company’s fifty day simple moving average is $560.10 and its 200-day simple moving average is $552.22. 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 stock has a market cap of $61.95 billion, a P/E ratio of 40.23, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s payout ratio is currently 23.01%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $623.60.

Insider Transactions at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. 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. Corporate 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.