Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,228 shares of the industrial products company’s stock after selling 63 shares during the quarter. Farther Finance Advisors LLC’s holdings in Roper Technologies were worth $1,678,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Manchester Capital Management LLC increased its position in shares of Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC increased its position in shares of Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares in the last quarter. Principal Securities Inc. increased its position in shares of Roper Technologies by 0.5% in the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after acquiring an additional 20 shares in the last quarter. Exchange Capital Management Inc. increased its position in shares of Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock worth $1,426,000 after acquiring an additional 20 shares in the last quarter. Finally, PFG Investments LLC increased its position in shares of Roper Technologies by 1.1% in the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock worth $1,011,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP stock opened at $562.88 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 stock has a market cap of $60.44 billion, a P/E ratio of 39.25, a P/E/G ratio of 2.77 and a beta of 1.06. The firm has a 50 day simple moving average of $556.24 and a 200 day simple moving average of $551.74. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred 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 $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on ROP. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays dropped 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 report on Friday, January 31st. Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Raymond James restated a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.