Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,717 shares of the industrial products company’s stock after selling 3,611 shares during the period. Evercore Wealth Management LLC’s holdings in Roper Technologies were worth $25,845,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the fourth quarter worth $36,000. OFI Invest Asset Management purchased a new position in Roper Technologies in the fourth quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $45,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred 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 directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This 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 ninety days. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 2.2 %

Shares of NYSE:ROP opened at $551.30 on Wednesday. The company has a market capitalization of $59.20 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.77 and a beta of 1.04. The stock’s fifty day simple moving average is $569.93 and its 200-day simple moving average is $554.24. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ROP shares. Truist Financial reissued a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus 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.