Cerity Partners LLC Decreases Position in Roper Technologies, Inc. (NYSE:ROP)

Cerity Partners LLC decreased its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,626 shares of the industrial products company’s stock after selling 1,466 shares during the quarter. Cerity Partners LLC owned about 0.05% of Roper Technologies worth $30,223,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Roper Technologies during the fourth quarter worth $914,052,000. JPMorgan Chase & Co. boosted its stake in shares of Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after purchasing an additional 360,632 shares during the period. Raymond James Financial Inc. bought a new position in Roper Technologies during the 4th quarter valued at about $148,070,000. Proficio Capital Partners LLC raised its position in Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock worth $145,697,000 after purchasing an additional 279,795 shares during the period. Finally, National Bank of Canada FI lifted its stake in Roper Technologies by 170.6% in the fourth quarter. National Bank of Canada FI now owns 265,194 shares of the industrial products company’s stock worth $137,863,000 after purchasing an additional 167,199 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

NYSE ROP opened at $519.19 on Wednesday. The company has a market cap of $55.75 billion, a PE ratio of 36.21, a P/E/G ratio of 2.77 and a beta of 1.04. The firm’s 50 day moving average price is $574.39 and its 200-day moving average price is $553.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued 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 dividend yield of 0.64%. Roper Technologies’s dividend payout ratio is presently 23.01%.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies 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 transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their target price on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a research note on Tuesday. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $620.73.

About Roper Technologies

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.