National Bank of Canada FI trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 61.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,454 shares of the industrial products company's stock after selling 3,922 shares during the period. National Bank of Canada FI's holdings in Roper Technologies were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the business. Geneos Wealth Management Inc. increased its stake in Roper Technologies by 175.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 55 shares of the industrial products company's stock worth $27,000 after purchasing an additional 35 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Roper Technologies in the 1st quarter valued at approximately $28,000. Quent Capital LLC acquired a new position in Roper Technologies during the 4th quarter worth approximately $44,000. MUFG Americas Holdings Corp grew its stake in shares of Roper Technologies by 77.2% during the 4th quarter. MUFG Americas Holdings Corp now owns 101 shares of the industrial products company's stock worth $50,000 after acquiring an additional 44 shares in the last quarter. Finally, Sandy Cove Advisors LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth $63,000. 92.68% of the stock is currently owned by institutional investors.
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Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Cowen lowered their price target on shares of Roper Technologies from $545.00 to $500.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 26th. TheStreet cut Roper Technologies from a "b" rating to a "c+" rating in a research report on Friday, July 22nd. Oppenheimer set a $500.00 price target on Roper Technologies in a research report on Monday, June 20th. StockNews.com cut shares of Roper Technologies from a "buy" rating to a "hold" rating in a research note on Friday, June 10th. Finally, Barclays dropped their price target on shares of Roper Technologies from $500.00 to $480.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $494.40.
Insider Buying and Selling
In other Roper Technologies news, Director Robert D. Johnson sold 250 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $443.69, for a total transaction of $110,922.50. Following the transaction, the director now owns 5,869 shares in the company, valued at approximately $2,604,016.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is owned by insiders.
Roper Technologies Stock Performance
NYSE ROP opened at $431.92 on Monday. The stock has a market cap of $45.75 billion, a PE ratio of 16.07, a P/E/G ratio of 3.02 and a beta of 1.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.55 and a current ratio of 1.58. The firm has a 50-day moving average of $406.82 and a 200-day moving average of $434.86. Roper Technologies, Inc. has a 52-week low of $369.51 and a 52-week high of $505.00.
Roper Technologies (NYSE:ROP – Get Rating) last posted its earnings results on Friday, July 22nd. The industrial products company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.83 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.54 billion. Roper Technologies had a return on equity of 12.83% and a net margin of 49.32%. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.76 earnings per share. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 13.61 EPS for the current year.
Roper Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were paid a $0.62 dividend. The ex-dividend date was Thursday, July 7th. This represents a $2.48 annualized dividend and a dividend yield of 0.57%. Roper Technologies's dividend payout ratio (DPR) is presently 9.23%.
Roper Technologies Company Profile
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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.
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