Roper Technologies, Inc. (NYSE:ROP) Shares Sold by HM Payson & Co.

HM Payson & Co. lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,540 shares of the industrial products company’s stock after selling 52 shares during the quarter. HM Payson & Co.’s holdings in Roper Technologies were worth $1,320,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. lifted its position in Roper Technologies by 7,500.0% in 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. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth about $45,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies during the fourth quarter worth about $49,000. J.Safra Asset Management Corp lifted its position in shares of Roper Technologies by 113.0% during the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 52 shares in the last quarter. Finally, Global Wealth Strategies & Associates lifted its position in shares of Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.0 %

Shares of NYSE:ROP opened at $588.38 on Friday. The stock has a market cap of $63.18 billion, a price-to-earnings ratio of 41.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. 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 quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average price is $552.27 and its 200 day moving average price is $551.22.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ROP shares. Raymond James reissued a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the 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 transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last three months. Insiders own 0.87% of the company’s stock.

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.