Washington Trust Bank Has $878,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Washington Trust Bank trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 38.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,689 shares of the industrial products company's stock after selling 1,075 shares during the period. Washington Trust Bank's holdings in Roper Technologies were worth $878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ROP. PNC Financial Services Group Inc. raised its holdings in shares of Roper Technologies by 5.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock worth $19,282,000 after acquiring an additional 1,789 shares in the last quarter. Citigroup Inc. raised its stake in shares of Roper Technologies by 17.6% during the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock worth $106,050,000 after purchasing an additional 28,555 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after buying an additional 17,466 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after buying an additional 961 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in Roper Technologies by 52.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company's stock worth $2,747,000 after buying an additional 1,699 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

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

Roper Technologies Stock Performance

NYSE:ROP traded up $3.64 during mid-day trading on Wednesday, hitting $582.71. 336,466 shares of the company's stock traded hands, compared to its average volume of 498,746. The firm has a 50 day moving average of $566.88 and a two-hundred day moving average of $553.02. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors 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 dividend yield of 0.57%. Roper Technologies's payout ratio is 23.01%.

Wall Street Analysts Forecast Growth

Several analysts have commented on ROP shares. Oppenheimer boosted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Raymond James restated a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reiterated 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. Finally, TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Roper Technologies has a consensus 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.