Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,358 shares of the industrial products company's stock after selling 30,289 shares during the quarter. Wells Fargo & Company MN owned about 0.18% of Roper Technologies worth $100,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies in the 4th quarter valued at $26,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies in the fourth quarter worth about $36,000. OFI Invest Asset Management purchased a new position in Roper Technologies in 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 valued at $40,000 after buying an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Roper Technologies in the 4th quarter valued at about $45,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 1.9 %

Shares of Roper Technologies stock traded up $10.56 during trading on Friday, reaching $560.16. The company's stock had a trading volume of 669,052 shares, compared to its average volume of 554,723. The company has a 50-day simple moving average of $572.72 and a two-hundred day simple moving average of $553.99. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market cap of $60.15 billion, a price-to-earnings ratio of 39.06, 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 declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's payout ratio is 23.01%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Raymond James restated a "strong-buy" rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $620.73.

Insider Activity

In other news, VP Brandon L. Cross sold 750 shares of the business's 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 sale, the vice president now directly owns 1,329 shares of the company's stock, valued at $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last 90 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.