First Western Trust Bank Sells 696 Shares of Roper Technologies, Inc. (NYSE:ROP)

First Western Trust Bank reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,698 shares of the industrial products company's stock after selling 696 shares during the quarter. First Western Trust Bank's holdings in Roper Technologies were worth $5,041,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ROP. Manchester Capital Management LLC raised its stake in shares of Roper Technologies by 1.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock worth $592,000 after purchasing an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC increased its holdings in Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC raised its position in Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after acquiring an additional 20 shares in the last quarter. Principal Securities Inc. lifted its stake in Roper Technologies by 0.5% in the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock valued at $2,231,000 after acquiring an additional 20 shares during the last quarter. Finally, Exchange Capital Management Inc. grew its position in Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock worth $1,426,000 after acquiring an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 completion of the transaction, the chief financial officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. Corporate insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

ROP has been the subject of several analyst reports. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research report on Tuesday. Barclays decreased their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus began coverage on Roper Technologies in a research note on Thursday, March 27th. They issued a "buy" rating and a $685.00 price objective on the stock. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies Stock Performance

Shares of ROP stock traded up $3.13 during mid-day trading on Wednesday, reaching $522.32. The stock had a trading volume of 216,320 shares, compared to its average volume of 547,356. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market cap of $56.09 billion, a PE ratio of 36.51, a P/E/G ratio of 2.77 and a beta of 1.04. The firm's 50 day simple moving average is $574.39 and its 200 day simple moving average is $553.94. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, April 4th. Roper Technologies's payout ratio is 23.01%.

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.