iA Global Asset Management Inc. Has $6.01 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

iA Global Asset Management Inc. raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,557 shares of the industrial products company's stock after acquiring an additional 630 shares during the period. iA Global Asset Management Inc.'s holdings in Roper Technologies were worth $6,008,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth $26,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 4th quarter valued at $38,000. E Fund Management Hong Kong Co. Ltd. lifted its position 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 buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth about $45,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Raymond James reissued a "strong-buy" rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. Finally, 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 research 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 given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $623.60.

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Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares of the company's stock, 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 valued at $4,712,045. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

Shares of NYSE ROP traded up $2.42 during mid-day trading on Tuesday, reaching $579.07. 735,469 shares of the company were exchanged, compared to its average volume of 499,934. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The stock has a market capitalization of $62.18 billion, a P/E ratio of 40.38, a P/E/G ratio of 2.77 and a beta of 1.06. The company's 50-day simple moving average is $565.51 and its 200-day simple moving average is $552.80. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

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

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.