J. Safra Sarasin Holding AG Sells 3,276 Shares of Roper Technologies, Inc. (NYSE:ROP)

J. Safra Sarasin Holding AG reduced its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,339 shares of the industrial products company's stock after selling 3,276 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Roper Technologies were worth $12,653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the fourth quarter worth $36,000. OFI Invest Asset Management bought a new position in Roper Technologies in the fourth quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after buying an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Up 1.6 %

Shares of NYSE ROP traded up $8.58 during trading on Thursday, reaching $559.66. The company had a trading volume of 674,263 shares, compared to its average volume of 552,248. The stock has a market cap of $60.10 billion, a P/E ratio of 39.03, a PEG ratio of 2.77 and a beta of 1.04. The company's fifty day moving average price is $569.48 and its 200-day moving average price is $554.22. 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, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut 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 upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note 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 company's stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $620.73.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the firm's 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 sale, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $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. In the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company's stock.

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.