Envestnet Asset Management Inc. Cuts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Envestnet Asset Management Inc. lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 308,645 shares of the industrial products company's stock after selling 14,234 shares during the quarter. Envestnet Asset Management Inc. owned about 0.29% of Roper Technologies worth $160,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC grew its holdings in shares of Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after purchasing an additional 17,466 shares during the period. Synovus Financial Corp increased its stake in Roper Technologies by 19.6% during the third 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 during the last quarter. Nordea Investment Management AB lifted its stake in shares of 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 valued at $280,113,000 after purchasing an additional 42,016 shares during the last quarter. First Financial Bank Trust Division increased its position in shares of Roper Technologies by 28.0% during the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock worth $5,574,000 after purchasing an additional 2,343 shares during the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in 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 worth $3,023,000 after buying an additional 1,719 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Up 1.9 %

Shares of NYSE:ROP traded up $10.56 during trading on Friday, hitting $560.16. 669,052 shares of the company were exchanged, compared to its average volume of 554,723. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm's 50 day moving average price is $572.72 and its 200-day moving average price is $553.99. The stock has a market capitalization of $60.15 billion, a P/E ratio of 39.06, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders 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 of this dividend is Friday, April 4th. Roper Technologies's payout ratio is 23.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial restated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer upped 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. Stifel Nicolaus started coverage on Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective on the stock. Finally, Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. 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 issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $620.73.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The shares were 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 in the company, valued at approximately $767,936.07. The trade was a 36.08 % 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, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. Corporate insiders own 0.87% of the company's stock.

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.