Ironwood Investment Counsel LLC Sells 42 Shares of Roper Technologies, Inc. (NYSE:ROP)

Ironwood Investment Counsel LLC trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 888 shares of the industrial products company’s stock after selling 42 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Roper Technologies were worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Renasant Bank boosted its position in Roper Technologies by 67.8% during the fourth quarter. Renasant Bank now owns 609 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 246 shares during the period. Aviso Financial Inc. boosted its position in shares of Roper Technologies by 6.3% in the fourth quarter. Aviso Financial Inc. now owns 5,730 shares of the industrial products company’s stock valued at $2,979,000 after acquiring an additional 339 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $3,410,000. Commonwealth Equity Services LLC boosted its position in shares of Roper Technologies by 1.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 23,306 shares of the industrial products company’s stock valued at $12,115,000 after acquiring an additional 260 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Roper Technologies by 7.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 95,996 shares of the industrial products company’s stock valued at $49,913,000 after acquiring an additional 6,956 shares during the period. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Up 1.1 %

ROP opened at $569.29 on Friday. The company’s 50 day moving average is $557.33 and its 200-day moving average is $551.89. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. 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 company 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors 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 yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last quarter. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROP. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target 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.