Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Rempart Asset Management Inc.

Rempart Asset Management Inc. trimmed its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,536 shares of the industrial products company's stock after selling 1,022 shares during the period. Roper Technologies makes up about 5.2% of Rempart Asset Management Inc.'s holdings, making the stock its 5th biggest position. Rempart Asset Management Inc.'s holdings in Roper Technologies were worth $25,078,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Roper Technologies by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after buying an additional 45,947 shares during the period. Brighton Jones LLC acquired a new position in Roper Technologies during the fourth quarter worth $203,000. PFG Investments LLC grew its holdings in Roper Technologies by 1.1% in the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company's stock valued at $1,011,000 after purchasing an additional 21 shares during the last quarter. Blue Trust Inc. increased its position in shares of Roper Technologies by 32.5% in the fourth quarter. Blue Trust Inc. now owns 967 shares of the industrial products company's stock valued at $538,000 after buying an additional 237 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Roper Technologies during the 4th quarter worth $69,382,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ROP. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Robert W. Baird lifted their price objective on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Trading Up 0.9%

Shares of NYSE:ROP traded up $5.02 during midday trading on Friday, reaching $569.29. The company's stock had a trading volume of 808,786 shares, compared to its average volume of 549,598. The firm has a market cap of $61.21 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The business has a 50 day moving average price of $564.81 and a 200 day moving average price of $557.48. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS 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 quarter in the prior year, the company posted $4.41 earnings per share. The business's quarterly revenue was up 12.0% on a year-over-year basis. Research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date of this dividend was 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 presently 23.81%.

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.