Meeder Asset Management Inc. Lowers Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Meeder Asset Management Inc. trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 31.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85 shares of the industrial products company’s stock after selling 39 shares during the quarter. Meeder Asset Management Inc.’s holdings in Roper Technologies were worth $44,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ROP. O Shaughnessy Asset Management LLC raised its stake in Roper Technologies by 2.6% during 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 during the period. RWA Wealth Partners LLC grew its holdings in 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 valued at $2,722,000 after buying an additional 840 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $17,555,000. Allianz SE purchased a new position in shares of Roper Technologies in the fourth quarter worth $130,000. Finally, Intrust Bank NA boosted its position in shares of Roper Technologies by 7.3% during the fourth quarter. Intrust Bank NA now owns 1,067 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Oppenheimer boosted 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. Stifel Nicolaus started coverage on Roper Technologies in a report on Thursday, March 27th. They set a “buy” rating and a $685.00 price objective on the stock. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $629.18.

Roper Technologies Stock Performance

ROP stock opened at $590.78 on Wednesday. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market cap of $63.44 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 2.77 and a beta of 1.06. The business’s fifty day simple moving average is $573.39 and its two-hundred day simple moving average is $554.28. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Dividend Announcement

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

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated 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 $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company’s stock.

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.