Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,458 shares of the industrial products company’s stock after selling 352 shares during the quarter. Achmea Investment Management B.V.’s holdings in Roper Technologies were worth $3,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Avantax Advisory Services Inc. grew its holdings in Roper Technologies by 1.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,898 shares of the industrial products company’s stock worth $2,027,000 after buying an additional 50 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Roper Technologies by 8.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 878 shares of the industrial products company’s stock worth $456,000 after buying an additional 66 shares in the last quarter. HighTower Advisors LLC grew its holdings in Roper Technologies by 23.9% in the 4th quarter. HighTower Advisors LLC now owns 35,576 shares of the industrial products company’s stock worth $18,494,000 after buying an additional 6,874 shares in the last quarter. Inspire Advisors LLC grew its holdings in Roper Technologies by 12.3% in the 4th quarter. Inspire Advisors LLC now owns 1,060 shares of the industrial products company’s stock worth $551,000 after buying an additional 116 shares in the last quarter. Finally, Eos Management L.P. grew its holdings in Roper Technologies by 124.9% in the 4th quarter. Eos Management L.P. now owns 8,324 shares of the industrial products company’s stock worth $4,327,000 after buying an additional 4,623 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

ROP opened at $569.29 on Friday. The stock has a fifty day moving average of $557.33 and a 200-day moving average of $551.89. The firm has a market capitalization of $61.13 billion, a P/E ratio of 39.70, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. 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 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 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%.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on 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 $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last quarter. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ROP. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.