Axa S.A. Buys 8,903 Shares of Roper Technologies, Inc. (NYSE:ROP)

AXA S.A. lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,515 shares of the industrial products company's stock after acquiring an additional 8,903 shares during the period. AXA S.A. owned approximately 0.17% of Roper Technologies worth $94,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Douglas Lane & Associates LLC increased its position in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after buying an additional 17,466 shares during the period. Synovus Financial Corp increased its holdings in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after acquiring an additional 961 shares during the period. Nordea Investment Management AB lifted its stake in Roper Technologies by 8.5% in 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 in the last quarter. Signal Advisors Wealth LLC boosted its holdings in Roper Technologies by 42.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after purchasing an additional 1,719 shares during the period. Finally, Plato Investment Management Ltd grew its position in shares of Roper Technologies by 41.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after purchasing an additional 1,182 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROP. Royal Bank of Canada increased their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Truist Financial reiterated a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Stifel Nicolaus cut their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $620.91.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Down 0.3 %

Shares of ROP traded down $1.43 during trading hours on Tuesday, hitting $569.70. The company had a trading volume of 584,731 shares, compared to its average volume of 548,459. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. 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 stock's 50 day moving average price is $566.73 and its 200 day moving average price is $554.77. The firm has a market cap of $61.25 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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 last year, the firm earned $4.41 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is currently 23.81%.

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.