GeoWealth Management LLC Sells 237 Shares of Roper Technologies, Inc. (NYSE:ROP)

GeoWealth Management LLC reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,301 shares of the industrial products company’s stock after selling 237 shares during the quarter. GeoWealth Management LLC’s holdings in Roper Technologies were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ROP. Manchester Capital Management LLC lifted its stake in Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC increased its holdings in shares of Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 18 shares during the last quarter. Meridian Financial Partners LLC lifted its position in shares of Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 20 shares in the last quarter. Principal Securities Inc. grew its holdings in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after buying an additional 20 shares in the last quarter. Finally, Exchange Capital Management Inc. raised its holdings in shares of Roper Technologies by 0.7% during the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock worth $1,426,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Performance

ROP stock opened at $557.24 on Monday. The firm has a market cap of $59.84 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. 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 fifty day simple moving average is $570.92 and its two-hundred day simple moving average is $554.30.

Roper Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

ROP has been the topic of several research reports. Raymond James restated a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a “buy” rating and a $685.00 target price on the stock. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Barclays lowered their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.73.

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.