National Bank of Canada FI Raises Holdings in Roper Technologies, Inc. (NYSE:ROP)

National Bank of Canada FI lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 170.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,194 shares of the industrial products company’s stock after acquiring an additional 167,199 shares during the period. National Bank of Canada FI owned 0.25% of Roper Technologies worth $137,863,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ROP. D.A. Davidson & CO. boosted its holdings in shares of Roper Technologies by 11.9% in the 3rd quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company’s stock valued at $828,000 after buying an additional 158 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Roper Technologies by 8.5% during the third quarter. Townsquare Capital LLC now owns 2,053 shares of the industrial products company’s stock worth $1,142,000 after purchasing an additional 160 shares in the last quarter. Financial Counselors Inc. lifted its holdings in shares of Roper Technologies by 27.3% during the 3rd quarter. Financial Counselors Inc. now owns 503 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 108 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Roper Technologies in the 3rd quarter worth $2,769,000. Finally, Benjamin Edwards Inc. boosted its holdings in Roper Technologies by 1,792.8% in the third quarter. Benjamin Edwards Inc. now owns 1,571 shares of the industrial products company’s stock worth $874,000 after acquiring an additional 1,488 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock opened at $589.58 on Tuesday. The company 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. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The business’s 50 day moving average is $572.19 and its two-hundred day moving average is $554.01. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

Analysts Set New Price Targets

ROP has been the topic of several research analyst reports. Raymond James reissued 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. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus assumed coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a “buy” rating and a $685.00 target price on the stock. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $629.18.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The shares were 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 in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % 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 valued at $4,712,045 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

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.