Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its position in Roper Technologies, Inc. (NYSE:ROP) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,060 shares of the industrial products company’s stock after selling 295 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Roper Technologies were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in shares of Roper Technologies in the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates raised its position in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 33 shares during the period. Versant Capital Management Inc lifted 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 worth $59,000 after purchasing an additional 33 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Roper Technologies by 59.0% in the third quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock valued at $69,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm’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 sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,351 shares of company stock worth $2,514,103 in the last ninety days. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Up 0.2 %

NYSE:ROP opened at $577.04 on Tuesday. The firm has a market capitalization of $61.88 billion, a P/E ratio of 40.24, a P/E/G ratio of 2.76 and a beta of 1.05. The business has a 50 day simple moving average of $535.93 and a 200 day simple moving average of $544.64. 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 12-month low of $499.47 and a 12-month high of $584.31.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 23.01%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted 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. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

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.