Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 12.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,601 shares of the industrial products company’s stock after selling 236 shares during the period. Trillium Asset Management LLC’s holdings in Roper Technologies were worth $832,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Empowered Funds LLC increased its position in shares of Roper Technologies by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock valued at $1,173,000 after purchasing an additional 220 shares during the period. Thrivent Financial for Lutherans grew its holdings in Roper Technologies by 3.7% during the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock worth $4,235,000 after acquiring an additional 269 shares during the period. Pathstone Holdings LLC lifted its holdings in Roper Technologies by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company’s stock valued at $8,265,000 after acquiring an additional 66 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Roper Technologies by 59.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 46 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Roper Technologies by 3.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,168 shares of the industrial products company’s stock worth $1,206,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the subject of a number of recent analyst reports. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Trading Up 0.2 %

NYSE:ROP opened at $577.83 on Thursday. 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 company has a market capitalization of $62.05 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.77 and a beta of 1.06. The stock’s 50 day moving average price is $561.45 and its 200 day moving average price is $552.40. 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 declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 23.01%.

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 transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company’s stock.

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.