Groupama Asset Managment Has $10.28 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Groupama Asset Managment lifted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,776 shares of the industrial products company's stock after buying an additional 2,324 shares during the quarter. Groupama Asset Managment's holdings in Roper Technologies were worth $10,281,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ROP. Norges Bank acquired a new position in Roper Technologies in the fourth quarter valued at approximately $914,052,000. JPMorgan Chase & Co. lifted its holdings in shares of Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after purchasing an additional 360,632 shares during the last quarter. Wellington Management Group LLP boosted its position in Roper Technologies by 87.8% during 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 purchasing an additional 345,268 shares during the period. Raymond James Financial Inc. bought a new position in Roper Technologies during the 4th quarter worth $148,070,000. Finally, Proficio Capital Partners LLC increased its position in Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after buying an additional 279,795 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 1.8 %

Shares of NYSE ROP traded down $10.66 during mid-day trading on Thursday, hitting $579.70. 994,246 shares of the company traded hands, compared to its average volume of 540,483. The business has a 50 day moving average of $574.51 and a two-hundred day moving average of $554.54. The stock has a market capitalization of $62.25 billion, a price-to-earnings ratio of 40.43, a PEG 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 quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

ROP has been the subject of several recent research reports. 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, January 31st. Raymond James restated a "strong-buy" rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus initiated coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price on the stock. Finally, Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $629.18.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $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. In the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. Corporate insiders own 0.87% of the company's stock.

Roper Technologies 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.