Roper Technologies, Inc. (NYSE:ROP) Position Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 308,645 shares of the industrial products company’s stock after selling 14,234 shares during the quarter. Envestnet Asset Management Inc. owned about 0.29% of Roper Technologies worth $160,449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ROP. IHT Wealth Management LLC lifted its position in shares of Roper Technologies by 34.6% in the third quarter. IHT Wealth Management LLC now owns 533 shares of the industrial products company’s stock worth $295,000 after buying an additional 137 shares during the last quarter. Stifel Financial Corp lifted its holdings in Roper Technologies by 0.9% in the 3rd quarter. Stifel Financial Corp now owns 51,921 shares of the industrial products company’s stock worth $28,894,000 after purchasing an additional 486 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in Roper Technologies by 60.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 4,467 shares of the industrial products company’s stock worth $2,486,000 after purchasing an additional 1,683 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Roper Technologies by 6.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 101,504 shares of the industrial products company’s stock valued at $56,481,000 after purchasing an additional 6,108 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new position in shares of Roper Technologies in the third quarter valued at approximately $7,348,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 1.7 %

Shares of ROP stock opened at $532.54 on Tuesday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. 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 stock has a fifty day moving average price of $575.47 and a 200 day moving average price of $554.46. The stock has a market cap of $57.19 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

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 given a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Analyst Upgrades and Downgrades

ROP has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. 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 note on Friday, January 31st. Finally, Stifel Nicolaus started coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last quarter. 0.87% of the stock is owned by company insiders.

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.