Ninety One North America Inc. Has $1.02 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Ninety One North America Inc. trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,957 shares of the industrial products company’s stock after selling 256 shares during the quarter. Ninety One North America Inc.’s holdings in Roper Technologies were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. 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 acquiring an additional 132,575 shares during the period. Geode Capital Management LLC increased its position in Roper Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after acquiring an additional 51,131 shares during the period. Wellington Management Group LLP increased its holdings in Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after buying an additional 345,268 shares during the period. JPMorgan Chase & Co. increased its holdings in Roper Technologies by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after buying an additional 45,947 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Roper Technologies by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company’s stock valued at $361,076,000 after buying an additional 9,653 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred 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 approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,351 shares of company stock worth $2,514,103 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Roper Technologies stock opened at $575.74 on Tuesday. 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 1 year low of $499.47 and a 1 year high of $584.31. The company has a market cap of $61.74 billion, a PE ratio of 40.17, a PEG ratio of 2.76 and a beta of 1.05. The company’s 50-day moving average is $535.93 and its two-hundred day moving average is $544.64.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 23.01%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ROP shares. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Oppenheimer upped their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

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.