Gilbert & Cook Inc. Sells 178 Shares of Roper Technologies, Inc. (NYSE:ROP)

Gilbert & Cook Inc. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,342 shares of the industrial products company’s stock after selling 178 shares during the quarter. Gilbert & Cook Inc.’s holdings in Roper Technologies were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ledyard National Bank boosted its holdings in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC boosted its stake in Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after purchasing an additional 20 shares during the period. Cromwell Holdings LLC lifted its holdings in shares of Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after buying an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC boosted its holdings in Roper Technologies by 4.2% in the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 21 shares during the period. Finally, Ballast Advisors LLC boosted its position in shares of Roper Technologies by 1.3% during the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the topic of several research reports. Oppenheimer started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, TD Cowen upgraded shares of 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Price Performance

NYSE ROP traded up $38.90 on Thursday, hitting $581.92. The company had a trading volume of 64,095 shares, compared to its average volume of 623,271. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company’s fifty day moving average price is $535.28 and its 200-day moving average price is $544.69. The company has a market capitalization of $62.40 billion, a PE ratio of 42.72, a PEG ratio of 2.55 and a beta of 1.04.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, January 3rd. Roper Technologies’s payout ratio is currently 24.14%.

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.