Candriam S.C.A. Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Candriam S.C.A. increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,162 shares of the industrial products company's stock after acquiring an additional 8,373 shares during the period. Candriam S.C.A.'s holdings in Roper Technologies were worth $15,680,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of 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 valued at $40,000 after acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $49,000. J.Safra Asset Management Corp grew its holdings in shares of Roper Technologies by 113.0% in the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 52 shares in the last quarter. Finally, Global Wealth Strategies & Associates grew its holdings in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 33 shares during the period. 93.31% of the stock is owned by institutional investors.

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Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $0.09 during trading on Friday, hitting $588.38. 462,663 shares of the company were exchanged, compared to its average volume of 496,449. The company 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. The stock has a 50 day moving average of $552.27 and a 200 day moving average of $551.22. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week 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 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of the 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 in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. Corporate insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of several research reports. Oppenheimer increased their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Truist Financial reissued a "buy" rating and set a $675.00 price objective (up from $665.00) 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. Finally, Barclays reduced their price objective on 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, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $623.60.

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.