Mount Lucas Management LP Reduces Holdings in Roper Technologies, Inc. (NYSE:ROP)

Mount Lucas Management LP reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,498 shares of the industrial products company’s stock after selling 130 shares during the quarter. Mount Lucas Management LP’s holdings in Roper Technologies were worth $1,299,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth $899,000. Argentarii LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $399,000. OFI Invest Asset Management purchased a new position in Roper Technologies in the 4th quarter worth $38,000. Coalescence Partners Investment Management LP lifted its position in Roper Technologies by 29.7% during the 4th quarter. Coalescence Partners Investment Management LP now owns 30,195 shares of the industrial products company’s stock worth $15,697,000 after acquiring an additional 6,922 shares during the period. Finally, Larson Financial Group LLC grew its stake in Roper Technologies by 12.7% during the 4th quarter. Larson Financial Group LLC now owns 904 shares of the industrial products company’s stock valued at $470,000 after purchasing an additional 102 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $588.38 on Monday. The firm has a market cap of $63.18 billion, a PE ratio of 41.03, a P/E/G ratio of 2.77 and a beta of 1.06. The business has a 50-day moving average price of $552.27 and a 200 day moving average price of $551.22. 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 twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Buying and Selling

In other 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 sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s 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 in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last 90 days. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ROP shares. Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays dropped their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James restated a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

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.