Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 878,530 shares of the industrial products company’s stock after selling 307,143 shares during the period. Pictet Asset Management Holding SA owned 0.82% of Roper Technologies worth $456,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in Roper Technologies by 5.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 107,146 shares of the industrial products company’s stock worth $55,700,000 after purchasing an additional 5,642 shares during the last quarter. Broadway Wealth Solutions Inc. acquired a new stake in shares of Roper Technologies during the fourth quarter worth about $302,000. Norges Bank purchased a new position in shares of Roper Technologies during the fourth quarter worth about $914,052,000. NEOS Investment Management LLC grew its holdings in shares of Roper Technologies by 21.3% during the fourth quarter. NEOS Investment Management LLC now owns 12,456 shares of the industrial products company’s stock worth $6,475,000 after buying an additional 2,191 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its position in Roper Technologies by 7.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 21,437 shares of the industrial products company’s stock valued at $11,144,000 after acquiring an additional 1,575 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, 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 position. 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 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 sale, the director now owns 20,187 shares of the company’s stock, 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. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last 90 days. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

ROP stock opened at $592.55 on Friday. The stock has a market capitalization of $63.63 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.78. The stock’s fifty day simple moving average is $569.64 and its 200-day simple moving average is $553.50.

Roper Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROP. Stifel Nicolaus started coverage on Roper Technologies in a research note on Thursday. They issued a “buy” rating and a $685.00 target price on the stock. Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Barclays reduced their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $629.18.

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.