PFG Advisors Sells 193 Shares of Roper Technologies, Inc. (NYSE:ROP)

PFG Advisors cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,316 shares of the industrial products company’s stock after selling 193 shares during the period. PFG Advisors’ holdings in Roper Technologies were worth $3,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. HighTower Advisors LLC boosted its holdings in Roper Technologies by 23.9% in the fourth quarter. HighTower Advisors LLC now owns 35,576 shares of the industrial products company’s stock worth $18,494,000 after purchasing an additional 6,874 shares in the last quarter. Inspire Advisors LLC boosted its holdings in Roper Technologies by 12.3% in the fourth quarter. Inspire Advisors LLC now owns 1,060 shares of the industrial products company’s stock worth $551,000 after purchasing an additional 116 shares in the last quarter. Eos Management L.P. boosted its holdings in Roper Technologies by 124.9% in the fourth quarter. Eos Management L.P. now owns 8,324 shares of the industrial products company’s stock worth $4,327,000 after purchasing an additional 4,623 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Roper Technologies by 1.9% during the fourth quarter. Citizens Financial Group Inc. RI now owns 1,674 shares of the industrial products company’s stock valued at $870,000 after acquiring an additional 31 shares during the period. Finally, Dearborn Partners LLC boosted its holdings in Roper Technologies by 5.7% during the fourth quarter. Dearborn Partners LLC now owns 1,197 shares of the industrial products company’s stock valued at $622,000 after acquiring an additional 65 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROP. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Truist Financial restated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James restated a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Barclays decreased their price target 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Stock Up 0.1 %

NYSE ROP opened at $566.42 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a 50-day simple moving average of $555.26 and a 200 day simple moving average of $551.66. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The stock has a market cap of $60.83 billion, a PE ratio of 39.50, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of the 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 transaction, the director now 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 document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last quarter. Corporate 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.