Natixis Trims Holdings in Roper Technologies, Inc. (NYSE:ROP)

Natixis decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 97.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 647 shares of the industrial products company's stock after selling 27,914 shares during the quarter. Natixis' holdings in Roper Technologies were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROP. Vanguard Group Inc. boosted its position in Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after acquiring an additional 72,503 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Roper Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after purchasing an additional 29,184 shares in the last quarter. Norges Bank acquired a new stake in Roper Technologies during the fourth quarter worth approximately $914,052,000. Invesco Ltd. increased its holdings in Roper Technologies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after purchasing an additional 31,531 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after buying an additional 360,632 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

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

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday. Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer restated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday. JPMorgan Chase & Co. upped their price target on Roper Technologies from $465.00 to $470.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $620.91.

Roper Technologies Price Performance

Shares of ROP traded up $3.91 during midday trading on Wednesday, reaching $560.08. The stock had a trading volume of 670,407 shares, compared to its average volume of 551,669. The company has a market capitalization of $60.14 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company's 50-day moving average is $567.62 and its 200 day moving average is $554.69.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter in the previous year, the company earned $4.41 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio is presently 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.