Wellington Management Group LLP Has $378.84 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Wellington Management Group LLP decreased its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 728,742 shares of the industrial products company's stock after selling 9,840 shares during the period. Wellington Management Group LLP owned 0.68% of Roper Technologies worth $378,837,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust bought a new position in Roper Technologies in the 4th quarter worth about $36,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% during the fourth 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 during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $45,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 1.8 %

Shares of ROP traded down $10.66 during midday trading on Thursday, hitting $579.70. The stock had a trading volume of 994,246 shares, compared to its average volume of 538,942. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The business has a 50-day simple moving average of $575.44 and a two-hundred day simple moving average of $554.71. 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 cap of $62.25 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

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Roper Technologies Dividend Announcement

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

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction 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 sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,221,292.10. This trade 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 in the last three months. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROP. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price objective for the company. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note 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. Finally, TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $629.18.

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.