Legal & General Group Plc Cuts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Legal & General Group Plc cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 23.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 714,944 shares of the industrial products company’s stock after selling 213,230 shares during the period. Legal & General Group Plc’s holdings in Roper Technologies were worth $371,640,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in Roper Technologies during the fourth quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies in the 4th quarter worth $36,000. OFI Invest Asset Management purchased a new position in Roper Technologies during the fourth quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Roper Technologies by 7,500.0% during 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 purchasing an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 1.7 %

Shares of NYSE ROP opened at $532.54 on Tuesday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market capitalization of $57.19 billion, a P/E ratio of 37.14, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a 50 day simple moving average of $575.47 and a 200-day simple moving average of $554.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.62%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ROP shares. Stifel Nicolaus initiated coverage on Roper Technologies in a report on Thursday, March 27th. They issued a “buy” rating and a $685.00 price objective on the stock. 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 upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the business’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 directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % 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 quarter. Insiders own 0.87% of the company’s stock.

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.