Ostrum Asset Management reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,710 shares of the industrial products company's stock after selling 566 shares during the quarter. Ostrum Asset Management's holdings in Roper Technologies were worth $5,568,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Norinchukin Bank The raised its stake in shares of Roper Technologies by 8.0% during the fourth quarter. Norinchukin Bank The now owns 5,696 shares of the industrial products company's stock valued at $2,961,000 after acquiring an additional 422 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Roper Technologies by 29.3% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,716 shares of the industrial products company's stock worth $1,932,000 after buying an additional 841 shares during the period. Beck Mack & Oliver LLC increased its stake in shares of Roper Technologies by 2.7% during the fourth quarter. Beck Mack & Oliver LLC now owns 215,814 shares of the industrial products company's stock valued at $112,191,000 after buying an additional 5,664 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Roper Technologies by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 468,839 shares of the industrial products company's stock valued at $243,731,000 after acquiring an additional 67,363 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Roper Technologies by 2.3% in the fourth quarter. First Trust Advisors LP now owns 392,960 shares of the industrial products company's stock worth $204,280,000 after acquiring an additional 8,865 shares during the period. 93.31% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently commented on ROP. Raymond James restated a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus started coverage on Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective on the stock. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $620.73.
Get Our Latest Stock Analysis on Roper Technologies
Roper Technologies Stock Performance
Roper Technologies stock traded down $1.96 during mid-day trading on Friday, reaching $557.70. 670,970 shares of the company traded hands, compared to its average volume of 660,363. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm's fifty day moving average is $569.20 and its two-hundred day moving average is $554.37. 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 company has a market capitalization of $59.89 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.
Roper Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.
Insider Buying and Selling at Roper Technologies
In related news, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $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. In the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by insiders.
About Roper Technologies
(
Free Report)
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.
Further Reading
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