Donaldson Capital Management LLC Sells 96 Shares of Roper Technologies, Inc. (NYSE:ROP)

Donaldson Capital Management LLC reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 17.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 449 shares of the industrial products company’s stock after selling 96 shares during the period. Donaldson Capital Management LLC’s holdings in Roper Technologies were worth $234,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ROP. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $38,000. Golden State Wealth Management LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies during the 4th quarter worth $49,000. Finally, J.Safra Asset Management Corp increased its position in shares of Roper Technologies by 113.0% during the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % 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. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

NYSE ROP opened at $565.75 on Wednesday. The stock has a market cap of $60.75 billion, a price-to-earnings ratio of 39.45, 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. The business has a fifty day moving average of $554.32 and a 200-day moving average of $551.56. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROP. 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. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted 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, TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.