Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,953 shares of the industrial products company’s stock after selling 19 shares during the period. Cannell & Spears LLC’s holdings in Roper Technologies were worth $2,575,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the 4th quarter worth $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $36,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the fourth quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the business’s 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 transaction, 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 legal filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % 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 worth $4,712,045. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ROP shares. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James restated a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research report on Friday, January 31st. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Oppenheimer upped 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $629.18.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $589.58 on Tuesday. The firm’s fifty day simple moving average is $572.19 and its 200-day simple moving average is $554.01. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock has a market capitalization of $63.31 billion, a price-to-earnings ratio of 41.11, a PEG 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.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s payout ratio is 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.