National Bank of Canada FI Has $46.95 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

National Bank of Canada FI raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 263.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,838 shares of the industrial products company's stock after purchasing an additional 63,662 shares during the quarter. National Bank of Canada FI owned 0.08% of Roper Technologies worth $46,947,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beaumont Financial Advisors LLC grew its holdings in Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company's stock worth $454,000 after acquiring an additional 20 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company's stock valued at $2,030,000 after acquiring an additional 21 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Roper Technologies by 0.7% in the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company's stock worth $1,582,000 after purchasing an additional 22 shares during the period. My Legacy Advisors LLC lifted its position in shares of Roper Technologies by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company's stock worth $1,133,000 after buying an additional 22 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of Roper Technologies by 1.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company's stock valued at $631,000 after buying an additional 22 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Roper Technologies stock traded down $1.67 during mid-day trading on Monday, hitting $515.54. The company's stock had a trading volume of 651,690 shares, compared to its average volume of 525,328. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00. The stock's fifty day moving average price is $540.75 and its two-hundred day moving average price is $534.55. The stock has a market capitalization of $55.18 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts' consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the company posted $3.90 EPS. Roper Technologies's revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies's payout ratio is 21.77%.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares of the company's stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.94% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ROP. Barclays upped their target price on Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a "neutral" rating in a research report on Monday, April 29th. Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 2nd. Oppenheimer reissued an "outperform" rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Finally, Royal Bank of Canada reduced their price target on Roper Technologies from $696.00 to $680.00 and set an "outperform" rating for the company in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $584.82.

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.