Congress Wealth Management LLC DE Has $832,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Congress Wealth Management LLC DE lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 18.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,599 shares of the industrial products company’s stock after selling 358 shares during the period. Congress Wealth Management LLC DE’s holdings in Roper Technologies were worth $832,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the 4th quarter worth about $26,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the fourth quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 in the last quarter. Golden State Wealth Management LLC acquired a new stake in Roper Technologies during the fourth quarter worth approximately $45,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Roper Technologies during the 4th quarter worth $49,000. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction 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 approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ROP shares. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. Barclays cut 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 report on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Stifel Nicolaus initiated coverage on shares of Roper Technologies in a research note on Thursday. They issued a “buy” rating and a $685.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $629.18.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $592.55 on Friday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market cap of $63.63 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 2.77 and a beta of 1.06. The firm has a 50 day simple moving average of $569.64 and a 200 day simple moving average of $553.50.

Roper Technologies Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

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.