HM Payson & Co. Cuts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

HM Payson & Co. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,540 shares of the industrial products company’s stock after selling 52 shares during the quarter. HM Payson & Co.’s holdings in Roper Technologies were worth $1,320,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ROP. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 valued at $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Roper Technologies in the 4th quarter valued at $45,000. Ameliora Wealth Management Ltd. acquired a new stake in Roper Technologies in the 4th quarter valued at $49,000. J.Safra Asset Management Corp grew its stake in Roper Technologies by 113.0% in the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 52 shares during the period. Finally, Global Wealth Strategies & Associates grew its stake in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 33 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Roper Technologies stock opened at $588.38 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a fifty day simple moving average of $552.27 and a 200-day simple moving average of $551.22. The firm has a market capitalization of $63.18 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

ROP has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

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.