Boston Family Office LLC Sells 648 Shares of Roper Technologies, Inc. (NYSE:ROP)

Boston Family Office LLC cut its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,819 shares of the industrial products company's stock after selling 648 shares during the period. Roper Technologies comprises approximately 1.3% of Boston Family Office LLC's holdings, making the stock its 26th largest holding. Boston Family Office LLC's holdings in Roper Technologies were worth $19,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ROP. VSM Wealth Advisory LLC bought a new stake in Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies in the fourth quarter valued at about $36,000. OFI Invest Asset Management acquired a new position in Roper Technologies during the 4th quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Roper Technologies by 7,500.0% during 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 acquiring an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $45,000. Institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James reissued a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays lowered their target price 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. Truist Financial reaffirmed a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus started coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $629.18.

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Roper Technologies Trading Down 1.8 %

NYSE:ROP traded down $10.66 during trading hours on Thursday, hitting $579.70. The stock had a trading volume of 994,246 shares, compared to its average volume of 540,483. The business's 50 day moving average is $574.51 and its 200-day moving average is $554.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market cap of $62.25 billion, a price-to-earnings ratio of 40.43, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 directly 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 this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

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.