Net Worth Advisory Group Cuts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Net Worth Advisory Group cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 991 shares of the industrial products company’s stock after selling 19 shares during the period. Net Worth Advisory Group’s holdings in Roper Technologies were worth $515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dearborn Partners LLC increased its stake in Roper Technologies by 5.7% during the fourth quarter. Dearborn Partners LLC now owns 1,197 shares of the industrial products company’s stock worth $622,000 after purchasing an additional 65 shares during the period. Paragon Private Wealth Management LLC grew its position in shares of Roper Technologies by 7.4% during the fourth quarter. Paragon Private Wealth Management LLC now owns 1,134 shares of the industrial products company’s stock worth $590,000 after buying an additional 78 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Roper Technologies by 1.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 154,311 shares of the industrial products company’s stock worth $80,219,000 after buying an additional 2,162 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Roper Technologies by 6.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 21,654 shares of the industrial products company’s stock worth $11,257,000 after buying an additional 1,384 shares in the last quarter. Finally, FWG Holdings LLC grew its position in shares of Roper Technologies by 5.5% during the fourth quarter. FWG Holdings LLC now owns 845 shares of the industrial products company’s stock worth $488,000 after buying an additional 44 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders 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

Shares of ROP opened at $576.45 on Tuesday. The stock has a 50 day moving average price of $553.41 and a 200 day moving average price of $551.43. 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 company has a market capitalization of $61.90 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies Dividend Announcement

The company also recently disclosed 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. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ROP. 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 report on Wednesday, January 8th. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” 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 objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” 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 report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $623.60.

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.