Healthcare of Ontario Pension Plan Trust Fund Sells 6,426 Shares of Roper Technologies, Inc. (NYSE:ROP)

Healthcare of Ontario Pension Plan Trust Fund lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,492 shares of the industrial products company’s stock after selling 6,426 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Roper Technologies were worth $23,088,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ROP. Fairscale Capital LLC bought a new stake in shares of Roper Technologies in the 2nd quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the third quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in Roper Technologies during the second quarter worth $31,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies during the third quarter worth about $37,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NYSE:ROP opened at $564.35 on Friday. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The business has a fifty day simple moving average of $553.01 and a two-hundred day simple moving average of $550.14. The company has a market capitalization of $60.52 billion, a P/E ratio of 31.56, a P/E/G ratio of 2.95 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.32 EPS. On average, analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is 21.95%.

Wall Street Analysts Forecast Growth

ROP has been the subject of several analyst reports. Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Truist Financial reiterated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

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.