Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 56.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,594 shares of the industrial products company’s stock after selling 5,960 shares during the period. Wealthfront Advisers LLC’s holdings in Roper Technologies were worth $2,388,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Inspire Advisors LLC lifted its position 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 during the period. Eos Management L.P. increased its holdings in shares of 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 valued at $4,327,000 after buying an additional 4,623 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Roper Technologies by 1.9% in 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 buying an additional 31 shares in the last quarter. Dearborn Partners LLC increased its holdings in shares of Roper Technologies by 5.7% in the fourth quarter. Dearborn Partners LLC now owns 1,197 shares of the industrial products company’s stock valued at $622,000 after buying an additional 65 shares in the last quarter. Finally, Paragon Private Wealth Management LLC increased its holdings in shares of Roper Technologies by 7.4% in the fourth quarter. Paragon Private Wealth Management LLC now owns 1,134 shares of the industrial products company’s stock valued at $590,000 after buying an additional 78 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROP. JPMorgan Chase & Co. upped their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was 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 $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 1.1 %

Roper Technologies stock opened at $569.29 on Friday. The company’s fifty day simple moving average is $557.33 and its 200-day simple moving average is $551.89. 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 12 month low of $499.47 and a 12 month high of $595.17. The stock has a market cap of $61.13 billion, a P/E ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The business 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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

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.