Barclays PLC Sells 14,063 Shares of Roper Technologies, Inc. (NYSE:ROP)

Barclays PLC reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 746,734 shares of the industrial products company’s stock after selling 14,063 shares during the period. Barclays PLC owned about 0.70% of Roper Technologies worth $388,192,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies during the 4th quarter valued at $26,000. CoreFirst Bank & Trust bought a new position in Roper Technologies during the 4th quarter worth $36,000. E Fund Management Hong Kong Co. Ltd. grew 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 in the last quarter. OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Roper Technologies in the 4th quarter worth about $45,000. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 over the last three months. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Up 1.9 %

Shares of ROP opened at $560.16 on Monday. The stock’s 50-day moving average price is $572.72 and its two-hundred day moving average price is $553.99. 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 company has a market capitalization of $60.15 billion, a PE ratio of 39.06, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

ROP has been the topic of several recent research reports. Stifel Nicolaus began coverage on shares of Roper Technologies in a report on Thursday, March 27th. They set a “buy” rating and a $685.00 target price on the stock. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note 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 note on Wednesday, January 8th. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $620.73.

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.