Amundi Sells 298,703 Shares of Roper Technologies, Inc. (NYSE:ROP)

Amundi lowered its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,273 shares of the industrial products company's stock after selling 298,703 shares during the period. Amundi owned approximately 0.29% of Roper Technologies worth $159,484,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. grew its stake in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $45,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Roper Technologies in the 4th quarter valued at $49,000. J.Safra Asset Management Corp grew its holdings in shares of Roper Technologies by 113.0% during the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 52 shares during the last quarter. Finally, Global Wealth Strategies & Associates raised its position in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after purchasing an additional 33 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

ROP opened at $588.38 on Monday. The stock has a 50-day moving average price of $552.27 and a 200-day moving average price of $551.22. The firm has a market cap of $63.18 billion, a PE ratio of 41.03, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies Dividend Announcement

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 given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company's stock, 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 three months, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROP. 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 research note on Tuesday, January 28th. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Barclays decreased their price objective 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. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $623.60.

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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.

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