Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 51.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,554 shares of the industrial products company's stock after buying an additional 1,200 shares during the quarter. Investment Management Corp of Ontario's holdings in Roper Technologies were worth $1,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Loomis Sayles & Co. L P grew its holdings in shares of Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after buying an additional 132,913 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Roper Technologies by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock valued at $341,448,000 after purchasing an additional 118,971 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company's stock valued at $238,125,000 after purchasing an additional 116,523 shares during the period. Principal Financial Group Inc. raised its stake 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 purchasing an additional 102,199 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Roper Technologies by 31.0% during the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company's stock worth $192,176,000 after purchasing an additional 80,255 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ROP shares. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Barclays reiterated an "underweight" rating and set a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a research report on Thursday. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Truist Financial reaffirmed a "buy" rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $615.20.

Roper Technologies Price Performance

NYSE ROP traded down $18.05 during trading hours on Thursday, reaching $557.90. The company's stock had a trading volume of 750,912 shares, compared to its average volume of 495,375. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company's 50-day moving average is $554.36 and its two-hundred day moving average is $551.40. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $580.09. The stock has a market cap of $59.82 billion, a PE ratio of 40.81, a PEG ratio of 2.96 and a beta of 1.02.

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

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is presently 21.95%.

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.