FIL Ltd Sells 1,395 Shares of Roper Technologies, Inc. (NYSE:ROP)

FIL Ltd reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,900 shares of the industrial products company's stock after selling 1,395 shares during the quarter. FIL Ltd's holdings in Roper Technologies were worth $5,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Douglas Lane & Associates LLC raised its stake in Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock worth $57,005,000 after acquiring an additional 17,466 shares during the period. Synovus Financial Corp boosted its position in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 961 shares during the period. Nordea Investment Management AB grew its stake in Roper Technologies by 8.5% during the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after buying an additional 42,016 shares during the last quarter. First Financial Bank Trust Division lifted its position in Roper Technologies by 28.0% in the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock valued at $5,574,000 after purchasing an additional 2,343 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in shares of Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after purchasing an additional 1,719 shares during the period. Institutional investors own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction on Friday, January 31st. The shares were 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 directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was 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 owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last quarter. Company insiders own 0.87% of the company's stock.

Roper Technologies Stock Up 0.2 %

NYSE:ROP traded up $0.97 during trading hours on Friday, hitting $557.24. 343,108 shares of the stock traded hands, compared to its average volume of 552,690. The firm has a market cap of $59.84 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 2.77 and a beta of 1.04. The firm has a 50 day moving average price of $571.40 and a 200 day moving average price of $554.18. 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, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROP. JPMorgan Chase & Co. decreased their price objective on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and raised their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reissued a "strong-buy" rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays lowered 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 note on Wednesday, January 8th. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. One research 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

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.