Sequoia Financial Advisors LLC Has $1.30 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Sequoia Financial Advisors LLC lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 49.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,492 shares of the industrial products company’s stock after selling 2,438 shares during the period. Sequoia Financial Advisors LLC’s holdings in Roper Technologies were worth $1,296,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ROP. State Street Corp raised its holdings in Roper Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after buying an additional 132,575 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Roper Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock valued at $1,357,162,000 after acquiring an additional 51,131 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Roper Technologies by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 673,193 shares of the industrial products company’s stock valued at $349,959,000 after purchasing an additional 24,290 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Roper Technologies by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock worth $368,382,000 after purchasing an additional 45,947 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 1.1 %

Shares of NYSE:ROP opened at $569.29 on Friday. The firm has a market cap 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 52-week low of $499.47 and a 52-week high of $595.17. The business’s 50 day simple moving average is $557.33 and its two-hundred day simple moving average is $551.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

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 dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Analyst Ratings Changes

ROP has been the subject of several recent research reports. 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. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reaffirmed 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. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $623.60.

Insiders Place Their Bets

In related news, 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 value of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated 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 transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

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.