Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Boston Family Office LLC

Boston Family Office LLC reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,819 shares of the industrial products company’s stock after selling 648 shares during the period. Roper Technologies comprises approximately 1.3% of Boston Family Office LLC’s holdings, making the stock its 26th biggest holding. Boston Family Office LLC’s holdings in Roper Technologies were worth $19,660,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ROP. D.A. Davidson & CO. increased its stake in shares of Roper Technologies by 11.9% during the 3rd quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company’s stock valued at $828,000 after acquiring an additional 158 shares during the last quarter. Townsquare Capital LLC increased its position in Roper Technologies by 8.5% during the third quarter. Townsquare Capital LLC now owns 2,053 shares of the industrial products company’s stock worth $1,142,000 after purchasing an additional 160 shares during the last quarter. Financial Counselors Inc. raised its stake in Roper Technologies by 27.3% during the third quarter. Financial Counselors Inc. now owns 503 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 108 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Roper Technologies in the 3rd quarter valued at $2,769,000. Finally, Benjamin Edwards Inc. grew its stake in shares of Roper Technologies by 1,792.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,571 shares of the industrial products company’s stock valued at $874,000 after buying an additional 1,488 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROP has been the subject of several research analyst reports. 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 research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Roper Technologies Stock Performance

NYSE:ROP opened at $589.58 on Tuesday. The firm has a 50-day moving average of $572.19 and a two-hundred day moving average of $554.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market cap of $63.31 billion, a P/E ratio of 41.11, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors 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 is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

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.