Blair William & Co. IL Sells 439 Shares of Roper Technologies, Inc. (NYSE:ROP)

Blair William & Co. IL decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,680 shares of the industrial products company’s stock after selling 439 shares during the period. Blair William & Co. IL’s holdings in Roper Technologies were worth $18,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $26,000. CoreFirst Bank & Trust purchased a new position in Roper Technologies during the fourth quarter worth $36,000. OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 valued at $40,000 after acquiring an additional 75 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $582.64 on Friday. The firm has a 50 day moving average of $570.85 and a 200 day moving average of $553.70. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROP. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer upped their price target 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 assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Insider Activity at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last quarter. 0.87% of the stock is owned by corporate 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.