Orion Portfolio Solutions LLC Trims Stake in Roper Technologies, Inc. (NYSE:ROP)

Orion Portfolio Solutions LLC lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,992 shares of the industrial products company’s stock after selling 335 shares during the period. Orion Portfolio Solutions LLC’s holdings in Roper Technologies were worth $5,714,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kingsview Wealth Management LLC lifted its position in shares of Roper Technologies by 10.8% during the third quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 50 shares during the last quarter. D.A. Davidson & CO. increased its stake in Roper Technologies by 11.9% in the 3rd quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company’s stock worth $828,000 after buying an additional 158 shares during the period. Quantbot Technologies LP bought a new stake in Roper Technologies during the 3rd quarter valued at about $1,784,000. Townsquare Capital LLC boosted its position in Roper Technologies by 8.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,053 shares of the industrial products company’s stock valued at $1,142,000 after buying an additional 160 shares during the period. Finally, Blueshift Asset Management LLC bought a new position in Roper Technologies in the 3rd quarter worth about $224,000. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROP. Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Raymond James restated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Stifel Nicolaus initiated coverage on Roper Technologies in a report on Thursday. They issued a “buy” rating and a $685.00 price objective for the company. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Roper Technologies Stock Performance

Shares of ROP stock opened at $582.64 on Friday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The business’s fifty day simple moving average is $570.85 and its 200-day simple moving average is $553.71. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $62.57 billion, a PE ratio of 40.63, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by corporate 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.