Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lowered its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,968 shares of the industrial products company's stock after selling 1,010 shares during the period. Martingale Asset Management L P's holdings in Roper Technologies were worth $24,936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Douglas Lane & Associates LLC lifted its stake 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 purchasing an additional 17,466 shares in the last quarter. Synovus Financial Corp lifted 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 worth $3,265,000 after acquiring an additional 961 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after acquiring an additional 42,016 shares during the period. First Financial Bank Trust Division grew its position in 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 acquiring an additional 2,343 shares in the last quarter. Finally, Signal Advisors Wealth LLC raised its stake in shares of Roper Technologies by 42.0% during 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 and hedge funds own 93.31% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms recently issued reports on ROP. Stifel Nicolaus began coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They set a "buy" rating and a $685.00 price target on the stock. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. One investment 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. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $3.24 on Monday, reaching $563.40. 80,186 shares of the company's stock were exchanged, compared to its average volume of 552,851. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The business's 50-day moving average is $572.72 and its two-hundred day moving average is $553.99. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $60.50 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 2.77 and a beta of 1.04.

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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by company insiders.

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.