Assetmark Inc. Sells 2,326 Shares of Roper Technologies, Inc. (NYSE:ROP)

Assetmark Inc. trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,358 shares of the industrial products company's stock after selling 2,326 shares during the quarter. Assetmark Inc.'s holdings in Roper Technologies were worth $4,865,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ROP. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 worth $40,000 after buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Roper Technologies in the 4th quarter worth about $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $49,000. J.Safra Asset Management Corp grew its stake in shares of Roper Technologies by 113.0% during the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 52 shares during the period. Finally, Global Wealth Strategies & Associates grew its stake in shares of Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 33 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction 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 transaction, the vice president now owns 1,329 shares of the company's stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. Corporate insiders own 0.87% of the company's stock.

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Roper Technologies Price Performance

NYSE ROP traded up $0.09 during trading hours on Friday, reaching $588.38. The company's stock had a trading volume of 462,663 shares, compared to its average volume of 496,449. The firm's 50-day moving average price is $552.27 and its 200-day moving average price is $551.22. 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, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The company 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. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Analyst Ratings Changes

A number of research firms have issued reports on ROP. Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Raymond James restated a "strong-buy" rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $623.60.

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.