Securian Asset Management Inc. Decreases Position in Roper Technologies, Inc. (NYSE:ROP)

Securian Asset Management Inc. decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,742 shares of the industrial products company’s stock after selling 249 shares during the quarter. Securian Asset Management Inc.’s holdings in Roper Technologies were worth $2,985,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after buying an additional 75 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $38,000. Golden State Wealth Management LLC purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $49,000. Finally, J.Safra Asset Management Corp lifted its stake in Roper Technologies by 113.0% in the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock valued at $51,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.1 %

Shares of ROP stock opened at $566.42 on Thursday. The business’s fifty day moving average price is $555.26 and its 200 day moving average price is $551.66. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a market capitalization of $60.83 billion, a PE ratio of 39.50, a P/E/G ratio of 2.77 and a beta of 1.06. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 over the last quarter. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ROP. Oppenheimer boosted 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, January 31st. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Raymond James restated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial restated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

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.