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

National Bank of Canada FI raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 22.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,995 shares of the industrial products company's stock after acquiring an additional 17,731 shares during the period. National Bank of Canada FI owned approximately 0.09% of Roper Technologies worth $54,528,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ROP. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies in the second quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter valued at $28,000. Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies in the 2nd quarter worth $31,000. Global Wealth Strategies & Associates purchased a new position in shares of Roper Technologies during the 3rd quarter worth $37,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Roper Technologies during the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity at Roper Technologies

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

Analysts Set New Price Targets

ROP has been the subject of several recent analyst reports. Royal Bank of Canada cut 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. Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Jefferies Financial Group upped their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a report on Friday, August 16th. Truist Financial reissued a "buy" rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Mizuho upped their price target on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $615.20.

Roper Technologies Trading Down 1.2 %

ROP traded down $6.70 during mid-day trading on Friday, hitting $551.20. 544,767 shares of the stock were exchanged, compared to its average volume of 444,706. The company has a market cap of $59.10 billion, a PE ratio of 40.32, a PEG ratio of 3.01 and a beta of 1.02. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm's fifty day moving average is $554.30 and its two-hundred day moving average is $551.53. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $580.09.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.72 billion. During the same quarter last year, the firm posted $4.32 earnings per share. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced 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 a positive change from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 24.14%.

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.