IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 629 Shares of Roper Technologies, Inc. (NYSE:ROP)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 18.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,723 shares of the industrial products company’s stock after selling 629 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Roper Technologies were worth $1,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NEOS Investment Management LLC increased its position in Roper Technologies by 21.3% in the fourth quarter. NEOS Investment Management LLC now owns 12,456 shares of the industrial products company’s stock worth $6,475,000 after purchasing an additional 2,191 shares during the period. UniSuper Management Pty Ltd boosted its stake in shares of Roper Technologies by 7.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 21,437 shares of the industrial products company’s stock valued at $11,144,000 after purchasing an additional 1,575 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after buying an additional 360,632 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Roper Technologies by 11.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 966,551 shares of the industrial products company’s stock worth $497,426,000 after buying an additional 97,706 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its holdings in Roper Technologies by 10.2% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 6,043 shares of the industrial products company’s stock valued at $3,141,000 after buying an additional 559 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial reiterated a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $629.18.

Roper Technologies Trading Up 1.7 %

Shares of NYSE:ROP opened at $592.55 on Friday. The firm has a market cap of $63.63 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 2.77 and a beta of 1.06. The company has a quick ratio of 0.37, a current ratio of 0.40 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 $595.78. The company’s fifty day simple moving average is $569.64 and its 200 day simple moving average is $553.50.

Roper Technologies Dividend Announcement

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

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate 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.