Atria Investments Inc Has $4.27 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Atria Investments Inc cut its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,213 shares of the industrial products company's stock after selling 1,521 shares during the quarter. Atria Investments Inc's holdings in Roper Technologies were worth $4,269,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. grew 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 valued at $40,000 after buying an additional 75 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $45,000. Ameliora Wealth Management Ltd. purchased a new position in Roper Technologies during the fourth quarter worth approximately $49,000. J.Safra Asset Management Corp grew its holdings in Roper Technologies by 113.0% in the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 52 shares during the period. Finally, Global Wealth Strategies & Associates raised its stake in shares of Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

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Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the company'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 completion of the sale, the vice president now owns 1,329 shares of the company's stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial reaffirmed 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. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $623.60.

Roper Technologies Stock Performance

Shares of ROP stock traded down $0.70 on Monday, hitting $587.68. 66,102 shares of the stock traded hands, compared to its average volume of 494,850. The company has a market capitalization of $63.11 billion, a PE ratio of 40.94, a PEG ratio of 2.77 and a beta of 1.06. The company's fifty day moving average is $552.27 and its 200 day moving average is $551.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies's dividend payout ratio is presently 23.01%.

Roper Technologies 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.