Rempart Asset Management Inc. Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Rempart Asset Management Inc. trimmed its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,558 shares of the industrial products company's stock after selling 1,095 shares during the period. Roper Technologies makes up approximately 4.5% of Rempart Asset Management Inc.'s portfolio, making the stock its 9th biggest holding. Rempart Asset Management Inc.'s holdings in Roper Technologies were worth $22,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of Roper Technologies in the 2nd quarter worth about $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the third quarter worth approximately $28,000. Valley Wealth Managers Inc. bought a new position in Roper Technologies during the second quarter valued at approximately $31,000. Global Wealth Strategies & Associates purchased a new position in shares of Roper Technologies during the third quarter worth approximately $37,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $42,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In other 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 transaction of $550,000.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company's stock.

Roper Technologies Trading Up 0.6 %

Shares of NYSE:ROP traded up $3.20 on Wednesday, hitting $510.30. The company had a trading volume of 960,713 shares, compared to its average volume of 710,263. Roper Technologies, Inc. has a 1 year low of $504.30 and a 1 year high of $580.09. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm's 50-day simple moving average is $545.06 and its two-hundred day simple moving average is $548.56. The firm has a market capitalization of $54.72 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the firm posted $4.32 EPS. The business's revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.65%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is currently 24.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ROP shares. Truist Financial reiterated a "buy" rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $623.33.

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.