Picton Mahoney Asset Management Sells 904 Shares of Roper Technologies, Inc. (NYSE:ROP)

Picton Mahoney Asset Management trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,828 shares of the industrial products company’s stock after selling 904 shares during the period. Picton Mahoney Asset Management’s holdings in Roper Technologies were worth $9,789,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ROP. Wellington Management Group LLP raised its stake in shares of Roper Technologies by 87.8% during the 3rd 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 period. Raymond James Financial Inc. purchased a new position in Roper Technologies during the 4th quarter valued at about $148,070,000. Proficio Capital Partners LLC grew 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 valued at $145,697,000 after buying an additional 279,795 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Roper Technologies during the 4th quarter valued at about $69,382,000. Finally, Loomis Sayles & Co. L P grew its holdings 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 valued at $360,811,000 after buying an additional 132,913 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ROP shares. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. One equities 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by insiders.

Roper Technologies Stock Performance

Shares of ROP stock opened at $569.29 on Friday. 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, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a 50 day moving average price of $557.33 and a two-hundred day moving average price of $551.89. The company has a market capitalization 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies’s payout ratio is currently 23.01%.

Roper Technologies Company 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.