Greenleaf Trust Sells 19 Shares of Roper Technologies, Inc. (NYSE:ROP)

Greenleaf Trust decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,649 shares of the industrial products company’s stock after selling 19 shares during the quarter. Greenleaf Trust’s holdings in Roper Technologies were worth $19,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in shares of Roper Technologies in the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. increased its position in Roper Technologies by 7,500.0% in 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 in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Roper Technologies by 34.4% in the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 22 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in shares of Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Roper Technologies by 40.7% during the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the subject of several research analyst reports. Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays decreased 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. Raymond James reissued a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday. Finally, Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Trading Up 0.9 %

ROP opened at $575.65 on Friday. The firm’s fifty day moving average is $535.93 and its two-hundred day moving average is $544.83. The firm has a market cap of $61.73 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 2.60 and a beta of 1.04. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.57%. Roper Technologies’s payout ratio is currently 24.14%.

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.