Roper Technologies, Inc. (NYSE:ROP) Stake Cut by Akre Capital Management LLC

Akre Capital Management LLC trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,481,929 shares of the industrial products company’s stock after selling 17,500 shares during the quarter. Roper Technologies makes up 6.7% of Akre Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Akre Capital Management LLC owned approximately 1.38% of Roper Technologies worth $770,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ROP. VSM Wealth Advisory LLC acquired a new position in Roper Technologies in the 4th quarter valued at $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $36,000. OFI Invest Asset Management acquired a new position in Roper Technologies in the fourth quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Roper Technologies by 7,500.0% during 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 buying an additional 75 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in Roper Technologies during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $557.24 on Friday. The firm’s fifty day simple moving average is $571.40 and its 200 day simple moving average is $554.18. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market capitalization of $59.84 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders 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 0.59%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

Analysts Set New Price Targets

Several analysts have commented on ROP shares. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Stifel Nicolaus started coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a “buy” rating and a $685.00 target price for the company. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note 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 Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. One equities research 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 stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $620.73.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last quarter. Company insiders own 0.87% of the company’s stock.

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.