Aviva PLC Sells 679 Shares of Roper Technologies, Inc. (NYSE:ROP)

Aviva PLC reduced its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,429 shares of the industrial products company's stock after selling 679 shares during the quarter. Aviva PLC's holdings in Roper Technologies were worth $19,457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new position in Roper Technologies in the 4th quarter valued at about $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $36,000. E Fund Management Hong Kong Co. Ltd. grew its position in 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 during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the fourth quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Roper Technologies in the 4th quarter valued at approximately $45,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Truist Financial restated a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $620.73.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were 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 trade represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,000 shares of the 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 completion of the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by insiders.

Roper Technologies Price Performance

Shares of NYSE ROP traded up $10.56 during mid-day trading on Friday, reaching $560.16. The company had a trading volume of 669,052 shares, compared to its average volume of 554,723. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a 50-day moving average price of $572.72 and a two-hundred day moving average price of $553.99. The stock has a market cap of $60.15 billion, a PE ratio of 39.06, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. The ex-dividend date is 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 is 23.01%.

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.