Groupama Asset Managment Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Groupama Asset Managment lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,452 shares of the industrial products company's stock after selling 1,059 shares during the quarter. Groupama Asset Managment's holdings in Roper Technologies were worth $9,711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OLD National Bancorp IN increased its position in shares of Roper Technologies by 13.4% during the 2nd quarter. OLD National Bancorp IN now owns 440 shares of the industrial products company's stock valued at $248,000 after purchasing an additional 52 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Roper Technologies by 12.2% during the second quarter. Sequoia Financial Advisors LLC now owns 4,465 shares of the industrial products company's stock worth $2,517,000 after acquiring an additional 485 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Roper Technologies by 16.8% in the 2nd quarter. Wedmont Private Capital now owns 1,431 shares of the industrial products company's stock worth $799,000 after acquiring an additional 206 shares during the last quarter. Diversified Trust Co lifted its stake in Roper Technologies by 33.5% in the second quarter. Diversified Trust Co now owns 490 shares of the industrial products company's stock worth $276,000 after purchasing an additional 123 shares during the last quarter. Finally, ORG Partners LLC grew its stake in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company's stock valued at $652,000 after buying an additional 1,024 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ROP shares. Jefferies Financial Group lifted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a report on Friday, August 16th. Barclays reaffirmed an "underweight" rating and issued a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a report on Thursday. Truist Financial reaffirmed a "buy" rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. One investment 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $615.20.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Performance

Shares of NYSE ROP traded down $1.42 during midday trading on Monday, reaching $549.78. The company had a trading volume of 220,884 shares, compared to its average volume of 494,390. The stock has a market cap of $58.95 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.88 and a beta of 1.02. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $580.09. The business's 50-day simple moving average is $554.30 and its 200 day simple moving average is $551.53.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.32 EPS. On average, analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's payout ratio is currently 21.95%.

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.