Glenview Trust co Sells 488 Shares of Roper Technologies, Inc. (NYSE:ROP)

Glenview Trust co trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,031 shares of the industrial products company's stock after selling 488 shares during the quarter. Glenview Trust co's holdings in Roper Technologies were worth $17,691,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock valued at $2,632,199,000 after buying an additional 132,575 shares during the period. Geode Capital Management LLC grew its position in Roper Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock valued at $1,357,162,000 after buying an additional 51,131 shares during the period. Wellington Management Group LLP grew its position in Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock valued at $410,977,000 after buying an additional 345,268 shares during the period. Charles Schwab Investment Management Inc. grew its position in Roper Technologies by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 673,193 shares of the industrial products company's stock valued at $349,959,000 after buying an additional 24,290 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after buying an additional 45,947 shares during the period. 93.31% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on ROP shares. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. 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 research report on Friday, January 31st. Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. Finally, TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $623.60.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction 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 transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Shares of ROP stock traded down $2.38 during mid-day trading on Thursday, hitting $575.45. The company had a trading volume of 439,204 shares, compared to its average volume of 497,047. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock's 50 day moving average price is $561.45 and its 200-day moving average price is $552.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $61.79 billion, a P/E ratio of 40.13, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The business 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. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

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.