Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lessened by Akre Capital Management LLC

Akre Capital Management LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,481,929 shares of the industrial products company's stock after selling 17,500 shares during the period. Roper Technologies accounts for approximately 6.7% of Akre Capital Management LLC's holdings, making the stock its 8th biggest position. Akre Capital Management LLC owned approximately 1.38% of Roper Technologies worth $770,381,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Manchester Capital Management LLC lifted its position in shares of Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock valued at $592,000 after acquiring an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC grew its holdings in shares of Roper Technologies by 3.1% during the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock valued at $309,000 after buying an additional 18 shares in the last quarter. Meridian Financial Partners LLC grew its stake in Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after acquiring an additional 20 shares in the last quarter. Principal Securities Inc. lifted its position in Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock worth $2,231,000 after buying an additional 20 shares in the last quarter. Finally, Exchange Capital Management Inc. boosted its position in Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock valued at $1,426,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Price Performance

Roper Technologies stock traded up $0.50 during mid-day trading on Wednesday, reaching $551.80. The company had a trading volume of 153,842 shares, compared to its average volume of 549,567. The business has a fifty day simple moving average of $569.93 and a 200 day simple moving average of $554.24. The company has a market cap of $59.26 billion, a P/E ratio of 38.48, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

The company 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 annualized dividend and a yield of 0.60%. Roper Technologies's dividend payout ratio is presently 23.01%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ROP. Truist Financial reaffirmed 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. JPMorgan Chase & Co. dropped their price objective on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Raymond James reiterated a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies 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 report on Wednesday, January 8th. Finally, Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies 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.