Roper Technologies, Inc. (NYSE:ROP) Shares Sold by PAX Financial Group LLC

PAX Financial Group LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 905 shares of the industrial products company’s stock after selling 35 shares during the quarter. PAX Financial Group LLC’s holdings in Roper Technologies were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. Benjamin Edwards Inc. boosted its holdings in Roper Technologies by 1,792.8% in the third quarter. Benjamin Edwards Inc. now owns 1,571 shares of the industrial products company’s stock valued at $874,000 after purchasing an additional 1,488 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Roper Technologies by 110.7% in the third quarter. HighTower Advisors LLC now owns 28,702 shares of the industrial products company’s stock worth $16,023,000 after buying an additional 15,080 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Roper Technologies by 1.2% during the third quarter. Janus Henderson Group PLC now owns 115,944 shares of the industrial products company’s stock worth $64,515,000 after acquiring an additional 1,375 shares during the period. IHT Wealth Management LLC raised its position in Roper Technologies by 34.6% during the third quarter. IHT Wealth Management LLC now owns 533 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 137 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in Roper Technologies by 1.1% in the third quarter. Royal London Asset Management Ltd. now owns 109,101 shares of the industrial products company’s stock valued at $60,708,000 after acquiring an additional 1,233 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 6.5 %

Shares of ROP opened at $541.80 on Friday. The firm’s fifty day moving average is $575.65 and its two-hundred day moving average is $554.61. The stock has a market cap of $58.18 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. 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, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.61%. Roper Technologies’s dividend payout ratio is presently 23.01%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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

ROP has been the subject of several recent research reports. Barclays cut their target price 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. JPMorgan Chase & Co. lifted their price objective 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. Oppenheimer increased their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial reiterated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $629.18.

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.