Roper Technologies, Inc. (NYSE:ROP) Holdings Lowered by Ostrum Asset Management

Ostrum Asset Management trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 institutional investors and hedge funds also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies in the fourth quarter valued at $36,000. OFI Invest Asset Management purchased a new position in Roper Technologies during the 4th quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 75 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Roper Technologies in the fourth quarter valued at $45,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 0.4 %

Shares of ROP stock traded down $1.96 during mid-day trading on Friday, reaching $557.70. The company's stock had a trading volume of 671,002 shares, compared to its average volume of 552,721. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $59.89 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company's 50 day simple moving average is $568.90 and its 200-day simple moving average is $554.47. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on ROP shares. Truist Financial reissued a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Oppenheimer lifted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Stifel Nicolaus began coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price objective on the stock. Finally, Raymond James restated a "strong-buy" rating and set a $655.00 target price (up previously 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. According to data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $620.73.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last quarter. 0.87% of the stock is owned by corporate insiders.

About Roper Technologies

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.