Healthcare of Ontario Pension Plan Trust Fund Reduces Stake in Roper Technologies, Inc. (NYSE:ROP)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 institutional investors have also recently made changes to their positions in ROP. Principal Financial Group Inc. increased its position in shares of Roper Technologies by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock worth $1,512,813,000 after buying an additional 102,199 shares during the period. Mackenzie Financial Corp grew its holdings in Roper Technologies by 3.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock worth $630,749,000 after acquiring an additional 33,544 shares during the period. Legal & General Group Plc grew its holdings in Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company's stock worth $515,467,000 after acquiring an additional 64,565 shares during the period. Mirova US LLC raised its position in shares of Roper Technologies by 2.1% in the 2nd quarter. Mirova US LLC now owns 700,651 shares of the industrial products company's stock worth $394,929,000 after acquiring an additional 14,501 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Roper Technologies by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company's stock valued at $361,076,000 after purchasing an additional 9,653 shares during the period. Institutional investors own 93.31% of the company's stock.

Insider Activity

In other Roper Technologies 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 value of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 0.4 %

NYSE ROP traded up $2.09 during trading hours on Friday, hitting $566.44. The company's stock had a trading volume of 365,746 shares, compared to its average volume of 492,891. The company has a market capitalization of $60.74 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 2.95 and a beta of 1.03. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 52 week low of $508.22 and a 52 week high of $579.10. The company's 50-day simple moving average is $553.18 and its two-hundred day simple moving average is $550.45.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for 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 company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $4.32 earnings per share. Research analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is presently 24.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Jefferies Financial Group raised their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Truist Financial reissued a "buy" rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $620.80.

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.