American Century Companies Inc. Sells 30,143 Shares of Roper Technologies, Inc. (NYSE:ROP)

American Century Companies Inc. reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 614,999 shares of the industrial products company’s stock after selling 30,143 shares during the period. American Century Companies Inc.’s holdings in Roper Technologies were worth $319,707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ROP. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $26,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $45,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $49,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $572.18 on Friday. The firm has a fifty day moving average of $564.14 and a two-hundred day moving average of $552.68. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Dividend Announcement

The firm also recently announced 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 dividend yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $623.60.

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.