Envestnet Portfolio Solutions Inc. Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 48.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,996 shares of the industrial products company’s stock after selling 2,762 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Roper Technologies were worth $1,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ROP. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $38,000. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies during the fourth quarter worth approximately $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies during the 4th quarter valued at $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 worth $51,000 after acquiring an additional 52 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROP. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays lowered their target price 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. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Oppenheimer increased their price target 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 issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Trading Down 0.6 %

Shares of NYSE:ROP opened at $572.18 on Friday. The firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The business’s 50 day moving average price is $564.14 and its 200-day moving average price is $552.68. 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 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies Dividend Announcement

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 paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

Roper Technologies Company 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.