Natixis Advisors LLC Has $35.21 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Natixis Advisors LLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,721 shares of the industrial products company's stock after selling 2,703 shares during the period. Natixis Advisors LLC owned 0.06% of Roper Technologies worth $35,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ROP. Empowered Funds LLC increased its stake in Roper Technologies by 11.7% in the third quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company's stock valued at $1,173,000 after purchasing an additional 220 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in Roper Technologies by 162.2% during the third quarter. Mizuho Securities USA LLC now owns 21,631 shares of the industrial products company's stock worth $12,036,000 after purchasing an additional 13,382 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Roper Technologies by 3.7% during the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company's stock worth $4,235,000 after purchasing an additional 269 shares during the last quarter. Swiss National Bank boosted its holdings in Roper Technologies by 0.3% during the third quarter. Swiss National Bank now owns 317,700 shares of the industrial products company's stock worth $176,781,000 after purchasing an additional 800 shares during the last quarter. Finally, Taurus Asset Management LLC boosted its holdings in Roper Technologies by 4.7% during the third quarter. Taurus Asset Management LLC now owns 21,675 shares of the industrial products company's stock worth $12,061,000 after purchasing an additional 965 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

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Roper Technologies Stock Performance

Shares of ROP traded down $2.38 during trading hours on Thursday, hitting $575.45. The company had a trading volume of 439,184 shares, compared to its average volume of 497,047. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The firm has a market cap of $61.79 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.77 and a beta of 1.06. The business has a fifty day moving average of $561.45 and a 200-day moving average of $552.40. 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 Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the firm's 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 transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

ROP has been the subject of a number of recent analyst reports. TD Cowen upgraded 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 note on Tuesday, January 28th. Oppenheimer increased their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $623.60.

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.