Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 370,516 shares of the industrial products company's stock after selling 57,427 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.35% of Roper Technologies worth $192,613,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ROP. Pine Valley Investments Ltd Liability Co boosted its position in Roper Technologies by 6.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company's stock valued at $2,510,000 after buying an additional 255 shares during the last quarter. World Investment Advisors LLC boosted its holdings in shares of Roper Technologies by 1.4% in the 3rd quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company's stock valued at $3,957,000 after acquiring an additional 100 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Roper Technologies by 1,227.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,727 shares of the industrial products company's stock worth $2,630,000 after acquiring an additional 4,371 shares during the period. Tidal Investments LLC raised its holdings in shares of Roper Technologies by 8.5% during the third quarter. Tidal Investments LLC now owns 10,466 shares of the industrial products company's stock worth $5,824,000 after purchasing an additional 823 shares during the last quarter. Finally, Synovus Financial Corp lifted its position in Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 961 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Price Performance

NYSE:ROP traded up $8.45 during trading hours on Friday, reaching $566.04. 556,040 shares of the company were exchanged, compared to its average volume of 548,329. The stock's 50-day moving average is $566.81 and its 200-day moving average is $554.74. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market cap of $60.86 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period last year, the firm posted $4.41 EPS. Roper Technologies's quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.81%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ROP. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus decreased their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. One 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $620.91.

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.