Mirova US LLC Sells 20,732 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mirova US LLC decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 685,167 shares of the industrial products company's stock after selling 20,732 shares during the period. Roper Technologies accounts for 4.3% of Mirova US LLC's investment portfolio, making the stock its 8th biggest holding. Mirova US LLC owned approximately 0.64% of Roper Technologies worth $356,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $38,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Roper Technologies by 7,500.0% during 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 buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Roper Technologies in the fourth quarter valued at about $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies in the fourth quarter valued at about $49,000. Finally, J.Safra Asset Management Corp increased its stake in 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 during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

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Roper Technologies Price Performance

Shares of ROP traded down $3.27 during mid-day trading on Friday, hitting $572.18. 879,748 shares of the company traded hands, compared to its average volume of 498,725. Roper Technologies, Inc. has a one year low of $499.47 and a one 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 business has a 50-day moving average of $564.14 and a 200 day moving average of $552.68. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

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 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 yield of 0.58%. Roper Technologies's dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial reissued a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Finally, Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $623.60.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred 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. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $201,912.75. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last ninety days. Company insiders own 0.87% of the company's stock.

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.