Wellington Management Group LLP Sells 9,840 Shares of Roper Technologies, Inc. (NYSE:ROP)

Wellington Management Group LLP lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.3% in the 4th quarter, HoldingsChannel reports. The fund owned 728,742 shares of the industrial products company’s stock after selling 9,840 shares during the period. Wellington Management Group LLP’s holdings in Roper Technologies were worth $378,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROP. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the 4th quarter valued at about $36,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $590.78 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The business’s 50 day moving average is $573.39 and its two-hundred day moving average is $554.28. The company has a market capitalization of $63.44 billion, a P/E ratio of 41.20, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Truist Financial reissued a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research 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 report on Friday, January 31st. Finally, 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 report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $629.18.

Insider Buying and Selling

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by corporate insiders.

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.