Alliancebernstein L.P. Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Alliancebernstein L.P. decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,380,657 shares of the industrial products company's stock after selling 43,648 shares during the quarter. Alliancebernstein L.P. owned approximately 1.29% of Roper Technologies worth $717,735,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ROP. Norges Bank purchased a new position in shares of Roper Technologies in the 4th quarter valued at approximately $914,052,000. JPMorgan Chase & Co. raised its holdings in Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after acquiring an additional 360,632 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock valued at $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $148,070,000. Finally, Proficio Capital Partners LLC increased its holdings in Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after buying an additional 279,795 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

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Roper Technologies Stock Performance

Roper Technologies stock traded down $8.70 during trading hours on Friday, hitting $570.18. 700,941 shares of the stock traded hands, compared to its average volume of 645,021. The firm's 50 day moving average price is $575.44 and its 200-day moving average price is $554.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market capitalization of $61.23 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies's dividend payout ratio is presently 23.01%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ROP. Stifel Nicolaus began coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price for the company. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer raised their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Raymond James reiterated a "strong-buy" rating and set a $655.00 price objective (up from $620.00) 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 given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $629.18.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of the firm'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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies 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 sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company's stock.

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.