Vestcor Inc Sells 330 Shares of Roper Technologies, Inc. (NYSE:ROP)

Vestcor Inc decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,482 shares of the industrial products company’s stock after selling 330 shares during the period. Vestcor Inc’s holdings in Roper Technologies were worth $2,850,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. boosted its position in Roper Technologies by 7,500.0% during 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 acquiring an additional 75 shares during the last quarter. OFI Invest Asset Management acquired a new position in Roper Technologies during the fourth quarter worth $38,000. Golden State Wealth Management LLC bought a new position in Roper Technologies in the 4th quarter valued at about $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies during the fourth quarter valued at approximately $49,000. Finally, J.Safra Asset Management Corp grew its stake in shares of Roper Technologies by 113.0% in the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 52 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the business’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 sale, the vice president now directly owns 38,932 shares of the company’s stock, 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. Over the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ROP shares. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Oppenheimer increased 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. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Barclays dropped their price target 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. Finally, JPMorgan Chase & Co. raised their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. One 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Price Performance

NYSE:ROP opened at $562.88 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $556.24 and its two-hundred day simple moving average is $551.74. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market cap of $60.44 billion, a PE ratio of 39.25, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

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.