Envestnet Portfolio Solutions Inc. Sells 2,762 Shares of Roper Technologies, Inc. (NYSE:ROP)

Envestnet Portfolio Solutions Inc. lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 48.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,996 shares of the industrial products company's stock after selling 2,762 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Roper Technologies were worth $1,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in Roper Technologies by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company's stock worth $1,173,000 after purchasing an additional 220 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Roper Technologies by 3.7% during the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company's stock valued at $4,235,000 after buying an additional 269 shares during the period. Pathstone Holdings LLC grew its position in Roper Technologies by 0.4% during the third quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company's stock worth $8,265,000 after buying an additional 66 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock worth $19,282,000 after acquiring an additional 1,789 shares during the last quarter. Finally, Commerce Bank raised its holdings in shares of Roper Technologies by 3.1% in the 3rd quarter. Commerce Bank now owns 6,538 shares of the industrial products company's stock valued at $3,638,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ROP. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James restated 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 decreased their price objective 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. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Finally, Truist Financial reissued 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. One investment 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $623.60.

Roper Technologies Stock Up 0.6 %

NYSE:ROP traded up $3.64 on Wednesday, reaching $582.71. 336,447 shares of the stock traded hands, compared to its average volume of 498,746. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company's fifty day simple moving average is $566.88 and its 200 day simple moving average is $553.02.

Roper Technologies Announces Dividend

The business also recently disclosed 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 is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. 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.