Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 95.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 91 shares of the industrial products company’s stock after selling 1,743 shares during the period. Exchange Traded Concepts LLC’s holdings in Roper Technologies were worth $47,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Roper Technologies by 87.8% during 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. Loomis Sayles & Co. L P grew its stake in Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after buying an additional 132,913 shares during the last quarter. State Street Corp increased its position in Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after buying an additional 132,575 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock valued at $238,125,000 after buying an additional 116,523 shares during the last quarter. Finally, Manitou Investment Management Ltd. boosted its holdings in shares of Roper Technologies by 5,455.9% in the third quarter. Manitou Investment Management Ltd. now owns 65,226 shares of the industrial products company’s stock valued at $36,294,000 after acquiring an additional 64,052 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.9 %

Roper Technologies stock opened at $575.65 on Monday. The stock’s 50 day moving average price is $535.93 and its 200 day moving average price is $544.83. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.31. The company has a market cap of $61.73 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 2.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is 24.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ROP. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer increased their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $622.30.

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.