Atlantic Union Bankshares Corp Sells 908 Shares of Roper Technologies, Inc. (NYSE:ROP)

Atlantic Union Bankshares Corp reduced its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,201 shares of the industrial products company's stock after selling 908 shares during the period. Atlantic Union Bankshares Corp's holdings in Roper Technologies were worth $3,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter worth about $45,000. Ameliora Wealth Management Ltd. bought a new position in Roper Technologies during the fourth quarter worth about $49,000. J.Safra Asset Management Corp lifted its holdings in Roper Technologies by 113.0% during the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock worth $51,000 after acquiring an additional 52 shares in the last quarter. Finally, Global Wealth Strategies & Associates lifted its holdings in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after acquiring an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company's stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, 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. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last 90 days. 0.87% of the stock is currently owned by insiders.

Roper Technologies Price Performance

NYSE:ROP opened at $588.38 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock's 50-day simple moving average is $552.27 and its 200 day simple moving average is $551.19. The company has a market cap of $63.18 billion, a P/E ratio of 41.03, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent analyst reports. Raymond James reiterated a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, Truist Financial restated a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $623.60.

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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.

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