Evercore Wealth Management LLC Has $25.85 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Evercore Wealth Management LLC decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 49,717 shares of the industrial products company's stock after selling 3,611 shares during the quarter. Evercore Wealth Management LLC's holdings in Roper Technologies were worth $25,845,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ROP. Pine Valley Investments Ltd Liability Co lifted its position in shares of Roper Technologies by 6.0% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company's stock worth $2,510,000 after acquiring an additional 255 shares during the period. World Investment Advisors LLC lifted its position in Roper Technologies by 1.4% in the third quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company's stock worth $3,957,000 after purchasing an additional 100 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in Roper Technologies by 1,227.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,727 shares of the industrial products company's stock worth $2,630,000 after buying an additional 4,371 shares in the last quarter. Tidal Investments LLC increased its holdings in Roper Technologies by 8.5% in the 3rd quarter. Tidal Investments LLC now owns 10,466 shares of the industrial products company's stock valued at $5,824,000 after buying an additional 823 shares during the period. Finally, Synovus Financial Corp raised its stake in shares of Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after buying an additional 961 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ROP shares. Truist Financial reissued a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Stifel Nicolaus started coverage on Roper Technologies in a report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $620.73.

Roper Technologies Price Performance

NYSE ROP traded down $1.96 on Friday, hitting $557.70. 671,002 shares of the company were exchanged, compared to its average volume of 552,721. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a 50 day moving average of $568.90 and a two-hundred day moving average of $554.47. 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 cap of $59.89 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's payout ratio is 23.01%.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 over the last three months. 0.87% of the stock is owned by insiders.

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.