PDS Planning Inc Reduces Holdings in Roper Technologies, Inc. (NYSE:ROP)

PDS Planning Inc lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 668 shares of the industrial products company’s stock after selling 29 shares during the period. PDS Planning Inc’s holdings in Roper Technologies were worth $347,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Haven Capital Group Inc. acquired a new stake in Roper Technologies during the 4th quarter worth $7,317,000. Axxcess Wealth Management LLC boosted its stake in Roper Technologies by 0.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 12,730 shares of the industrial products company’s stock worth $6,617,000 after purchasing an additional 45 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in Roper Technologies during the 4th quarter worth $125,000. Parallel Advisors LLC boosted its stake in Roper Technologies by 0.9% during the 4th quarter. Parallel Advisors LLC now owns 16,217 shares of the industrial products company’s stock worth $8,430,000 after purchasing an additional 152 shares during the period. Finally, Cibc World Markets Corp boosted its stake in Roper Technologies by 14.3% during the 4th quarter. Cibc World Markets Corp now owns 19,290 shares of the industrial products company’s stock worth $10,028,000 after purchasing an additional 2,415 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on ROP shares. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were 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 directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 25th. The stock was 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 owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $576.86 on Wednesday. The company has a 50-day simple moving average of $560.10 and a 200-day simple moving average of $552.22. 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 $61.95 billion, a PE ratio of 40.23, a P/E/G 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued 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 0.57%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

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.