National Bank of Canada FI Buys 167,199 Shares of Roper Technologies, Inc. (NYSE:ROP)

National Bank of Canada FI raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 170.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,194 shares of the industrial products company's stock after buying an additional 167,199 shares during the quarter. National Bank of Canada FI owned about 0.25% of Roper Technologies worth $137,863,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ROP. D.A. Davidson & CO. increased its position in shares of Roper Technologies by 11.9% during the 3rd quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company's stock worth $828,000 after purchasing an additional 158 shares during the last quarter. Townsquare Capital LLC boosted its holdings in shares of Roper Technologies by 8.5% during the third quarter. Townsquare Capital LLC now owns 2,053 shares of the industrial products company's stock worth $1,142,000 after acquiring an additional 160 shares during the period. Financial Counselors Inc. grew its position in shares of Roper Technologies by 27.3% in the third quarter. Financial Counselors Inc. now owns 503 shares of the industrial products company's stock valued at $280,000 after purchasing an additional 108 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of Roper Technologies during the third quarter worth approximately $2,769,000. Finally, Benjamin Edwards Inc. lifted its holdings in Roper Technologies by 1,792.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,571 shares of the industrial products company's stock worth $874,000 after purchasing an additional 1,488 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

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Insider Buying and Selling at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last quarter. Company insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

Shares of ROP stock traded down $10.66 during trading on Thursday, hitting $579.70. The company had a trading volume of 994,246 shares, compared to its average volume of 540,483. The stock's 50-day moving average is $574.51 and its two-hundred day moving average is $554.54. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $62.25 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies's dividend payout ratio (DPR) is currently 23.01%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ROP shares. Raymond James reiterated a "strong-buy" rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. Finally, Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $629.18.

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.