Roper Technologies, Inc. (NYSE:ROP) Shares Sold by National Bank of Canada FI

Key Points

• National Bank of Canada FI reduced its stake in Roper Technologies by 62.3%, selling 165,211 shares, leading to ownership of 99,983 shares valued at approximately $58.9 million.
• Institutional investors own 93.31% of Roper Technologies, with notable investors like Citigroup and Mitsubishi UFJ increasing their stakes significantly in the first quarter.
• Roper Technologies announced a quarterly dividend of $0.825 per share, reflecting a 0.6% yield and a payout ratio of 23.19%.

National Bank of Canada FI lowered its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 62.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,983 shares of the industrial products company's stock after selling 165,211 shares during the period. National Bank of Canada FI owned approximately 0.09% of Roper Technologies worth $58,947,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter valued at approximately $27,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter valued at approximately $31,000. Wayfinding Financial LLC acquired a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Alpine Bank Wealth Management acquired a new position in Roper Technologies during the 1st quarter worth approximately $34,000. Finally, Putney Financial Group LLC acquired a new position in Roper Technologies during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Ratings Changes

ROP has been the subject of several analyst reports. Robert W. Baird boosted their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Oppenheimer reiterated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Stifel Nicolaus lowered their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $637.18.

Roper Technologies Stock Down 0.4%

Shares of NYSE:ROP traded down $2.33 during trading on Friday, hitting $534.38. 358,734 shares of the company were exchanged, compared to its average volume of 613,320. The stock has a market capitalization of $57.51 billion, a P/E ratio of 37.26, a PEG ratio of 2.77 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm's 50 day moving average price is $559.10 and its 200-day moving average price is $565.45.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 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 firm posted $4.48 earnings per share. The firm's revenue was up 13.2% compared to the same quarter last year. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies's dividend payout ratio is 23.19%.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is 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.