Gamco Investors INC. ET AL Sells 400 Shares of Roper Technologies, Inc. (NYSE:ROP)

Gamco Investors INC. ET AL reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 27,385 shares of the industrial products company’s stock after selling 400 shares during the period. Gamco Investors INC. ET AL’s holdings in Roper Technologies were worth $14,236,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Manchester Capital Management LLC boosted its stake in shares of Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 18 shares during the period. Oxford Financial Group LTD. LLC boosted its position in Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC grew its stake in Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after acquiring an additional 20 shares in the last quarter. Finally, Exchange Capital Management Inc. boosted its holdings in shares of Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their position. 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 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.2 %

ROP stock opened at $567.08 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market capitalization of $60.90 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The firm has a 50 day moving average of $572.08 and a 200 day moving average of $554.16.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their target price 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. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $620.73.

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.