Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,828 shares of the industrial products company's stock after selling 904 shares during the period. Picton Mahoney Asset Management's holdings in Roper Technologies were worth $9,789,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. HMV Wealth Advisors LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth about $745,000. Renasant Bank boosted its position in shares of Roper Technologies by 67.8% in the 4th quarter. Renasant Bank now owns 609 shares of the industrial products company's stock worth $317,000 after buying an additional 246 shares in the last quarter. Aviso Financial Inc. boosted its position in shares of Roper Technologies by 6.3% in the 4th quarter. Aviso Financial Inc. now owns 5,730 shares of the industrial products company's stock worth $2,979,000 after buying an additional 339 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth about $3,410,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Roper Technologies by 1.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,306 shares of the industrial products company's stock worth $12,115,000 after buying an additional 260 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.2 %

Shares of NYSE ROP traded up $0.97 on Wednesday, reaching $577.83. 488,827 shares of the company traded hands, compared to its average volume of 496,610. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a 50 day moving average of $560.10 and a 200 day moving average of $552.22. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $62.05 billion, a PE ratio of 40.29, a P/E/G ratio of 2.77 and a beta of 1.06.

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Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company's stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. In the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ROP has been the topic of several recent research reports. 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 report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Truist Financial restated a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and a consensus price target of $623.60.

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.