Congress Wealth Management LLC DE Has $832,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Congress Wealth Management LLC DE decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,599 shares of the industrial products company’s stock after selling 358 shares during the period. Congress Wealth Management LLC DE’s holdings in Roper Technologies were worth $832,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings 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 acquiring an additional 345,268 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Roper Technologies during the 4th quarter worth approximately $148,070,000. Proficio Capital Partners LLC raised its holdings in Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock worth $145,697,000 after buying an additional 279,795 shares during the period. Union Bancaire Privee UBP SA bought a new position in Roper Technologies in the fourth quarter valued at approximately $69,382,000. Finally, State Street Corp boosted its holdings in shares of Roper Technologies by 2.9% in the third 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 period. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ROP. Stifel Nicolaus started coverage on shares of Roper Technologies in a research report on Thursday. They issued a “buy” rating and a $685.00 price objective on the stock. Truist Financial restated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven 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 company currently has an average rating of “Moderate Buy” and an average target price of $629.18.

Roper Technologies Price Performance

NYSE:ROP opened at $592.55 on Friday. 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 firm has a fifty day simple moving average of $569.64 and a 200 day simple moving average of $553.50. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.78. The stock has a market capitalization of $63.63 billion, a PE ratio of 41.32, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company 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 0.56%. Roper Technologies’s payout ratio is 23.01%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company’s 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company 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.