Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 60.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 141,001 shares of the industrial products company’s stock after purchasing an additional 53,163 shares during the quarter. National Bank of Canada FI owned about 0.13% of Roper Technologies worth $73,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $27,000. OFI Invest Asset Management purchased a new position in Roper Technologies in the first quarter worth approximately $29,000. Independence Bank of Kentucky acquired a new stake in Roper Technologies during the fourth quarter worth $31,000. Wetzel Investment Advisors Inc. purchased a new stake in Roper Technologies in the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In related news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 7.4 %

Shares of NYSE ROP traded down $42.30 during mid-day trading on Wednesday, hitting $531.97. The company had a trading volume of 2,057,166 shares, compared to its average volume of 520,060. The company has a market capitalization of $56.94 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 3.02 and a beta of 1.02. The business’s 50-day simple moving average is $553.54 and its 200 day simple moving average is $545.33. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business earned $3.90 EPS. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. On average, analysts predict that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROP. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Mizuho boosted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Oppenheimer restated an “outperform” rating and set a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Finally, Barclays lifted their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $597.78.

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.