Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC reduced its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,577 shares of the industrial products company's stock after selling 4,927 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.12% of Roper Technologies worth $64,762,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $26,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies in the 4th quarter valued at $36,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the 4th quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. lifted 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 purchasing an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter worth about $45,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $1.96 during trading on Friday, reaching $557.70. 671,002 shares of the company's stock traded hands, compared to its average volume of 552,721. The company has a 50-day simple moving average of $569.20 and a 200-day simple moving average of $554.37. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market cap of $59.89 billion, a PE ratio of 38.89, a P/E/G ratio of 2.77 and a beta of 1.04. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's dividend payout ratio is currently 23.01%.

Insider Buying and Selling at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business's 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 of the company's stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last quarter. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ROP shares. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Truist Financial reiterated a "buy" rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $620.73.

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.