Corient Private Wealth LLC Has $456.64 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Corient Private Wealth LLC trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 878,410 shares of the industrial products company’s stock after selling 8,168 shares during the quarter. Roper Technologies comprises about 0.8% of Corient Private Wealth LLC’s holdings, making the stock its 20th biggest position. Corient Private Wealth LLC’s holdings in Roper Technologies were worth $456,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Choate Investment Advisors boosted its stake in Roper Technologies by 1.3% in the fourth quarter. Choate Investment Advisors now owns 2,589 shares of the industrial products company’s stock valued at $1,346,000 after acquiring an additional 32 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in Roper Technologies by 38.1% in the 4th quarter. Frank Rimerman Advisors LLC now owns 1,315 shares of the industrial products company’s stock worth $684,000 after purchasing an additional 363 shares in the last quarter. Copperwynd Financial LLC increased its holdings in shares of Roper Technologies by 2.6% in the 4th quarter. Copperwynd Financial LLC now owns 1,926 shares of the industrial products company’s stock worth $1,001,000 after buying an additional 48 shares during the last quarter. Catalyst Funds Management Pty Ltd increased its holdings in shares of Roper Technologies by 50.0% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 600 shares of the industrial products company’s stock worth $312,000 after buying an additional 200 shares during the last quarter. Finally, HMV Wealth Advisors LLC bought a new position in shares of Roper Technologies during the 4th quarter valued at $745,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

NYSE ROP opened at $569.29 on Friday. The firm’s fifty day simple moving average is $557.33 and its two-hundred day simple moving average is $551.90. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a market capitalization of $61.13 billion, a P/E ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Analysts Set New Price Targets

ROP has been the topic of several recent research reports. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a 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. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Barclays reduced their price objective on shares of 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, Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock 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 issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $623.60.

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 dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last three months. Company insiders own 0.87% of the company’s stock.

Roper Technologies 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.