Groupama Asset Managment Raises Holdings in Roper Technologies, Inc. (NYSE:ROP)

Groupama Asset Managment grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 13.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,776 shares of the industrial products company’s stock after buying an additional 2,324 shares during the quarter. Groupama Asset Managment’s holdings in Roper Technologies were worth $10,281,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. Headlands Technologies LLC grew its holdings in Roper Technologies by 1,083.2% during the 4th quarter. Headlands Technologies LLC now owns 11,820 shares of the industrial products company’s stock worth $6,145,000 after acquiring an additional 10,821 shares in the last quarter. Geode Capital Management LLC increased its holdings in Roper Technologies by 1.2% in the fourth 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 buying an additional 29,184 shares during the last quarter. National Bank of Canada FI raised its stake in Roper Technologies by 170.6% in the fourth quarter. National Bank of Canada FI now owns 265,194 shares of the industrial products company’s stock valued at $137,863,000 after buying an additional 167,199 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in shares of Roper Technologies by 10.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 967 shares of the industrial products company’s stock worth $503,000 after acquiring an additional 88 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. boosted its position in shares of Roper Technologies by 45.2% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 286 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 89 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of ROP opened at $589.58 on Tuesday. The stock has a market capitalization of $63.31 billion, a P/E ratio of 41.11, a P/E/G ratio of 2.77 and a beta of 1.06. 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, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company’s fifty day moving average is $572.19 and its two-hundred day moving average is $554.01.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 over the last 90 days. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research analyst reports. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Stifel Nicolaus started coverage on Roper Technologies in a research note on Thursday, March 27th. They set a “buy” rating and a $685.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $629.18.

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.