Trillium Asset Management LLC Has $832,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Trillium Asset Management LLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,601 shares of the industrial products company’s stock after selling 236 shares during the quarter. Trillium Asset Management LLC’s holdings in Roper Technologies were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Xponance Inc. raised its stake in Roper Technologies by 5.2% during the 4th quarter. Xponance Inc. now owns 15,317 shares of the industrial products company’s stock valued at $7,963,000 after purchasing an additional 762 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Roper Technologies during the 4th quarter worth about $1,380,000. Horizon Investments LLC raised its position in shares of Roper Technologies by 1.9% during the fourth quarter. Horizon Investments LLC now owns 2,070 shares of the industrial products company’s stock valued at $1,074,000 after buying an additional 38 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Roper Technologies by 21.0% in the fourth quarter. Advisors Asset Management Inc. now owns 4,885 shares of the industrial products company’s stock valued at $2,539,000 after buying an additional 849 shares during the period. Finally, Haven Capital Group Inc. bought a new position in Roper Technologies during the fourth quarter valued at about $7,317,000. 93.31% of the stock is owned by institutional investors.

Insider Activity

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 over the last 90 days. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $577.83 on Thursday. The firm has a 50 day simple moving average of $561.45 and a 200 day simple moving average of $552.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market cap of $62.05 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ROP shares. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Barclays decreased their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer lifted their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies 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.