Roper Technologies, Inc. (NYSE:ROP) Shares Sold by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC reduced its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 40.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 641 shares of the industrial products company's stock after selling 437 shares during the quarter. OneAscent Wealth Management LLC's holdings in Roper Technologies were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies during the 4th quarter valued at approximately $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies during the fourth quarter worth approximately $36,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the fourth quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. grew its position 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 purchased a new position in Roper Technologies in the 4th quarter valued at $45,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.1 %

Shares of NYSE:ROP traded up $0.57 during trading on Wednesday, reaching $591.35. The stock had a trading volume of 153,313 shares, compared to its average volume of 538,608. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market cap of $63.50 billion, a P/E ratio of 41.24, a PEG ratio of 2.77 and a beta of 1.06. The business has a fifty day moving average price of $573.39 and a 200-day moving average price of $554.28. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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Roper Technologies Dividend Announcement

The business 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. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. Roper Technologies's payout ratio is currently 23.01%.

Insider Buying and Selling

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares of the company's stock, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROP. Oppenheimer raised their target price 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. Raymond James reiterated a "strong-buy" rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus started coverage on Roper Technologies in a report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $629.18.

About Roper Technologies

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.