Generali Asset Management SPA SGR Makes New $1.38 Million Investment in Roper Technologies, Inc. (NYSE:ROP)

Generali Asset Management SPA SGR acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,654 shares of the industrial products company's stock, valued at approximately $1,380,000.

A number of other institutional investors have also recently made changes to their positions in the business. OFI Invest Asset Management purchased a new position in Roper Technologies in the 4th quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Roper Technologies by 7,500.0% during 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 purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Roper Technologies during the 4th quarter worth about $45,000. Ameliora Wealth Management Ltd. acquired a new stake in Roper Technologies in the 4th quarter valued at about $49,000. Finally, J.Safra Asset Management Corp boosted its holdings in shares of Roper Technologies by 113.0% in the 4th quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock valued at $51,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last three months. 0.87% of the stock is currently owned by corporate insiders.

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Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $2.42 during midday trading on Tuesday, hitting $579.07. The stock had a trading volume of 735,469 shares, compared to its average volume of 499,934. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $565.51 and a two-hundred day moving average price of $552.80. The company has a market capitalization of $62.18 billion, a PE ratio of 40.38, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. Roper Technologies's dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Raymond James reissued a "strong-buy" rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Oppenheimer upped their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research 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 issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $623.60.

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.