Bank of Montreal Can Sells 136,270 Shares of Roper Technologies, Inc. (NYSE:ROP)

Bank of Montreal Can lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 39.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 211,095 shares of the industrial products company's stock after selling 136,270 shares during the quarter. Bank of Montreal Can owned 0.20% of Roper Technologies worth $109,738,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. VSM Wealth Advisory LLC purchased a new position in Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies during the fourth quarter worth about $36,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares during the period. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $45,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROP. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their target price on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $620.73.

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Roper Technologies Price Performance

NYSE ROP traded up $5.25 on Monday, reaching $565.41. The company had a trading volume of 66,628 shares, compared to its average volume of 552,815. The stock has a market capitalization of $60.72 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. 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 firm's 50 day moving average price is $572.72 and its 200 day moving average price is $553.99. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given 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 dividend yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is currently 23.01%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last quarter. 0.87% of the stock is currently owned by corporate insiders.

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.