Mirova Purchases 3,906 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mirova grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 141.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,664 shares of the industrial products company's stock after purchasing an additional 3,906 shares during the period. Mirova's holdings in Roper Technologies were worth $3,464,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ROP. VSM Wealth Advisory LLC acquired a new position in Roper Technologies in the fourth quarter valued at about $26,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies during the 4th quarter worth approximately $36,000. E Fund Management Hong Kong Co. Ltd. increased 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. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $45,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NYSE ROP traded down $0.22 during trading on Wednesday, reaching $551.08. 623,340 shares of the company's stock were exchanged, compared to its average volume of 552,077. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business has a 50 day moving average price of $569.93 and a 200-day moving average price of $554.24. The stock has a market capitalization of $59.18 billion, a P/E ratio of 38.43, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Insider Activity

In other news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated 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 represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on ROP shares. JPMorgan Chase & Co. cut their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Barclays decreased 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. Stifel Nicolaus initiated coverage on Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price target for the company. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $620.73.

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.