Wealthfront Advisers LLC Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Wealthfront Advisers LLC trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 56.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,594 shares of the industrial products company’s stock after selling 5,960 shares during the quarter. Wealthfront Advisers LLC’s holdings in Roper Technologies were worth $2,388,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Manchester Capital Management LLC grew its holdings in 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 valued at $592,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC lifted its position 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 valued at $1,067,000 after buying an additional 20 shares in the last quarter. Principal Securities Inc. lifted its position in Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after buying an additional 20 shares in the last quarter. Exchange Capital Management Inc. lifted its position in Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after buying an additional 20 shares in the last quarter. Finally, PFG Investments LLC lifted its position in Roper Technologies by 1.1% during the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock valued at $1,011,000 after buying an additional 21 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 1.1 %

ROP stock opened at $569.29 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a fifty day moving average price of $557.33 and a two-hundred day moving average price of $551.89. The firm has a market cap of $61.13 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROP. Barclays reduced their price target 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. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, TD Cowen raised shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 in the last quarter. Company 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.