Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lowered by Martin Investment Management LLC

Martin Investment Management LLC cut its position in Roper Technologies, Inc. (NYSE:ROP) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 12,312 shares of the industrial products company’s stock after selling 266 shares during the quarter. Roper Technologies makes up about 1.8% of Martin Investment Management LLC’s investment portfolio, making the stock its 21st largest position. Martin Investment Management LLC’s holdings in Roper Technologies were worth $6,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Douglas Lane & Associates LLC boosted its position in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after buying an additional 17,466 shares during the period. Synovus Financial Corp raised its stake in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after acquiring an additional 961 shares in the last quarter. Nordea Investment Management AB boosted its position in Roper Technologies by 8.5% during the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after acquiring an additional 42,016 shares during the period. First Financial Bank Trust Division increased its holdings in shares of Roper Technologies by 28.0% during the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock valued at $5,574,000 after purchasing an additional 2,343 shares during the period. Finally, Signal Advisors Wealth LLC raised its stake in shares of Roper Technologies by 42.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock valued at $3,023,000 after purchasing an additional 1,719 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Up 0.2 %

Shares of NYSE ROP opened at $590.78 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.40 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 company has a market cap of $63.44 billion, a price-to-earnings ratio of 41.20, a P/E/G ratio of 2.77 and a beta of 1.06. The business has a fifty day simple moving average of $573.39 and a 200-day simple moving average of $554.28.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

Analyst Upgrades and Downgrades

ROP has been the subject of several research analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a “buy” rating and a $685.00 price objective for the company. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Insider Activity

In related 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 transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last 90 days. 0.87% of the stock is owned by company insiders.

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.