American Century Companies Inc. Has $319.71 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

American Century Companies Inc. decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 614,999 shares of the industrial products company’s stock after selling 30,143 shares during the period. American Century Companies Inc. owned 0.57% of Roper Technologies worth $319,707,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ROP. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies during the fourth quarter valued at $26,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the fourth quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. lifted 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 worth $40,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter worth about $45,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction that occurred on 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 directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This represents a 2.50 % 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 three months. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ROP. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James reaffirmed 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. Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Trading Down 0.6 %

Shares of ROP opened at $572.18 on Friday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-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 firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 2.77 and a beta of 1.06. The stock’s 50-day moving average price is $564.14 and its 200 day moving average price is $552.68.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio is 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.