Mariner LLC Sells 1,684 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mariner LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,217 shares of the industrial products company's stock after selling 1,684 shares during the period. Mariner LLC's holdings in Roper Technologies were worth $14,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Douglas Lane & Associates LLC lifted its holdings in shares of 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 buying an additional 17,466 shares in the last quarter. Synovus Financial Corp grew its position in shares of Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after purchasing an additional 961 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Roper Technologies by 8.5% during the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after purchasing an additional 42,016 shares during the period. First Financial Bank Trust Division raised its position in shares of Roper Technologies by 28.0% in the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock valued at $5,574,000 after buying an additional 2,343 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted 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 buying an additional 1,719 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 1.6 %

NYSE ROP traded up $8.84 on Wednesday, hitting $560.14. The company's stock had a trading volume of 118,461 shares, compared to its average volume of 549,411. The company's 50-day moving average is $569.93 and its 200 day moving average is $554.24. The firm has a market cap of $60.15 billion, a PE ratio of 39.06, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. 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 Announces Dividend

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

Insider Buying and Selling

In other news, 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 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. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction that occurred 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 owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 in the last three months. Insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the subject of several analyst reports. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Stifel Nicolaus assumed coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price for the company. Finally, Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $620.73.

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.