Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.4% in the fourth quarter, HoldingsChannel reports. The fund owned 4,953 shares of the industrial products company’s stock after selling 19 shares during the quarter. Cannell & Spears LLC’s holdings in Roper Technologies were worth $2,575,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. C M Bidwell & Associates Ltd. grew its position in Roper Technologies by 45.2% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 286 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 89 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Roper Technologies by 2.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,561 shares of the industrial products company’s stock valued at $4,970,000 after purchasing an additional 240 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in shares of Roper Technologies by 19.1% during the 4th quarter. RWA Wealth Partners LLC now owns 5,236 shares of the industrial products company’s stock worth $2,722,000 after purchasing an additional 840 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Roper Technologies during the 4th quarter worth approximately $17,555,000. Finally, Allianz SE acquired a new position in Roper Technologies during the fourth quarter valued at approximately $130,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock opened at $589.58 on Tuesday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market capitalization of $63.31 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The business has a 50 day simple moving average of $572.19 and a 200 day simple moving average of $554.01.

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 issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ROP. Oppenheimer increased their price objective 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. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the company’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 value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This 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 worth $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Company 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.