Amundi Reduces Position in Roper Technologies, Inc. (NYSE:ROP)

Amundi trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 49.1% in the 4th quarter, HoldingsChannel reports. The firm owned 309,273 shares of the industrial products company’s stock after selling 298,703 shares during the period. Amundi’s holdings in Roper Technologies were worth $159,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ROP. CWA Asset Management Group LLC bought a new position in shares of Roper Technologies in the third quarter worth about $395,000. Assetmark Inc. raised its stake in Roper Technologies by 7.6% during the 3rd quarter. Assetmark Inc. now owns 11,684 shares of the industrial products company’s stock worth $6,501,000 after acquiring an additional 824 shares during the period. First Personal Financial Services raised its stake in Roper Technologies by 10.8% during the 3rd quarter. First Personal Financial Services now owns 410 shares of the industrial products company’s stock worth $228,000 after acquiring an additional 40 shares during the period. Carr Financial Group Corp lifted its holdings in Roper Technologies by 15.2% during the third quarter. Carr Financial Group Corp now owns 576 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 76 shares in the last quarter. Finally, XML Financial LLC boosted its position in shares of Roper Technologies by 4.9% in the third quarter. XML Financial LLC now owns 961 shares of the industrial products company’s stock worth $535,000 after purchasing an additional 45 shares during the period. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROP. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial restated a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. 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 owned by insiders.

Roper Technologies Trading Up 0.0 %

ROP stock opened at $588.38 on Monday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market cap of $63.18 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The firm has a fifty day moving average price of $552.27 and a 200 day moving average price of $551.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Announces Dividend

The business 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 $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Roper Technologies 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.