Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Boosted by Mirova

Mirova lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 141.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,664 shares of the industrial products company's stock after purchasing an additional 3,906 shares during the quarter. Mirova's holdings in Roper Technologies were worth $3,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Douglas Lane & Associates LLC raised its position in shares of Roper Technologies by 18.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock worth $57,005,000 after buying an additional 17,466 shares during the period. Synovus Financial Corp lifted its stake in shares of Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 961 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Roper Technologies by 8.5% during the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after purchasing an additional 42,016 shares during the period. First Financial Bank Trust Division increased its position in Roper Technologies by 28.0% during the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock worth $5,574,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Signal Advisors Wealth LLC lifted its position in Roper Technologies by 42.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after buying an additional 1,719 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

ROP has been the subject of several recent research reports. Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research note on Friday, January 31st. Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Raymond James reissued a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $620.73.

Roper Technologies Stock Down 0.5 %

Shares of ROP stock traded down $2.74 during trading hours on Friday, hitting $556.93. 251,184 shares of the company were exchanged, compared to its average volume of 551,152. The stock has a market capitalization of $59.81 billion, a price-to-earnings ratio of 38.78, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The business's 50-day simple moving average is $569.20 and its two-hundred day simple moving average is $554.37. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies's payout ratio is 23.01%.

Insider Activity

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares of the company's stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the 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 sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by insiders.

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.