Wellington Management Group LLP Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Wellington Management Group LLP lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 728,742 shares of the industrial products company’s stock after selling 9,840 shares during the quarter. Wellington Management Group LLP owned about 0.68% of Roper Technologies worth $378,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its position in shares of Roper Technologies by 2.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,561 shares of the industrial products company’s stock worth $4,970,000 after purchasing an additional 240 shares during the period. RWA Wealth Partners LLC boosted its holdings in Roper Technologies by 19.1% in the 4th quarter. RWA Wealth Partners LLC now owns 5,236 shares of the industrial products company’s stock worth $2,722,000 after buying an additional 840 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Roper Technologies in the 4th quarter worth $17,555,000. Allianz SE bought a new stake in Roper Technologies during the fourth quarter valued at about $130,000. Finally, Intrust Bank NA boosted its stake in shares of Roper Technologies by 7.3% in 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 period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on 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. Over the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

ROP has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Truist Financial restated a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $629.18.

Roper Technologies Trading Up 0.2 %

ROP stock opened at $590.78 on Wednesday. The stock has a market capitalization of $63.44 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm’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 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 $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s payout ratio is 23.01%.

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.