TIAA Trust National Association Has $999,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

TIAA Trust National Association lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,921 shares of the industrial products company’s stock after selling 73 shares during the quarter. TIAA Trust National Association’s holdings in Roper Technologies were worth $999,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Manchester Capital Management LLC raised its stake in shares of Roper Technologies by 1.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC grew its stake in shares of Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after buying an additional 18 shares in the last quarter. Meridian Financial Partners LLC increased its holdings in Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 20 shares during the last quarter. Principal Securities Inc. lifted its stake in Roper Technologies by 0.5% in the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after acquiring an additional 20 shares during the last quarter. Finally, Exchange Capital Management Inc. grew its position in shares of Roper Technologies by 0.7% in the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after acquiring an additional 20 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Up 1.7 %

Shares of Roper Technologies stock opened at $592.55 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a 50-day moving average of $569.64 and a 200-day moving average of $553.50. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.78. The stock has a market cap of $63.63 billion, a PE ratio of 41.32, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ROP shares. Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus initiated coverage on Roper Technologies in a research report on Thursday. They issued a “buy” rating and a $685.00 price objective for the company. JPMorgan Chase & Co. boosted 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. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. 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 quarter. Corporate insiders own 0.87% of the company’s stock.

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.