Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Hills Bank & Trust Co

Hills Bank & Trust Co lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 931 shares of the industrial products company’s stock after selling 20 shares during the quarter. Hills Bank & Trust Co’s holdings in Roper Technologies were worth $484,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Roper Technologies during the 4th quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC acquired a new position in Roper Technologies during the 4th quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the 4th quarter worth $49,000. Finally, J.Safra Asset Management Corp boosted its position in Roper Technologies by 113.0% during the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $569.29 on Friday. The company has a market capitalization of $61.13 billion, a P/E ratio of 39.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The business’s 50-day moving average price is $557.33 and its two-hundred day moving average price is $551.90. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. 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 Dividend Announcement

The firm also recently announced 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 is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies’s payout ratio is 23.01%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROP. 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. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note 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 note 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 note 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 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last 90 days. 0.87% of the stock is owned by company insiders.

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.