Lansing Management LP Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Lansing Management LP decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,913 shares of the industrial products company’s stock after selling 7,279 shares during the quarter. Roper Technologies accounts for approximately 13.7% of Lansing Management LP’s investment portfolio, making the stock its 6th largest position. Lansing Management LP’s holdings in Roper Technologies were worth $15,550,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co boosted its position in shares of Roper Technologies by 6.0% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company’s stock worth $2,510,000 after acquiring an additional 255 shares in the last quarter. World Investment Advisors LLC lifted its stake in Roper Technologies by 1.4% during the third quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company’s stock worth $3,957,000 after purchasing an additional 100 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Roper Technologies by 1,227.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,727 shares of the industrial products company’s stock valued at $2,630,000 after purchasing an additional 4,371 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Roper Technologies by 8.5% in the 3rd quarter. Tidal Investments LLC now owns 10,466 shares of the industrial products company’s stock valued at $5,824,000 after purchasing an additional 823 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after buying an additional 961 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on ROP. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial restated 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. JPMorgan Chase & Co. lowered their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $620.73.

Roper Technologies Stock Down 0.4 %

Shares of NYSE:ROP opened at $557.70 on Friday. The firm has a market cap of $59.89 billion, a P/E ratio of 38.89, a P/E/G 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. The business has a fifty day simple moving average of $568.90 and a 200 day simple moving average of $554.53. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % 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 ninety days. 0.87% of the stock is owned by company 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.