Capco Asset Management LLC Trims Stake in Roper Technologies, Inc. (NYSE:ROP)

Capco Asset Management LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 24,448 shares of the industrial products company’s stock after selling 382 shares during the period. Roper Technologies comprises about 2.9% of Capco Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Capco Asset Management LLC’s holdings in Roper Technologies were worth $12,710,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. Empowered Funds LLC boosted its position in Roper Technologies by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock valued at $1,173,000 after acquiring an additional 220 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Roper Technologies by 3.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock valued at $4,235,000 after acquiring an additional 269 shares in the last quarter. Pathstone Holdings LLC boosted its position in Roper Technologies by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company’s stock valued at $8,265,000 after acquiring an additional 66 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Roper Technologies by 5.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after acquiring an additional 1,789 shares in the last quarter. Finally, Commerce Bank boosted its position in Roper Technologies by 3.1% during the 3rd quarter. Commerce Bank now owns 6,538 shares of the industrial products company’s stock valued at $3,638,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. 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. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer raised 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $572.18 on Friday. The firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business has a fifty day moving average of $564.14 and a 200 day moving average of $552.68. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s payout ratio is currently 23.01%.

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.