Roper Technologies, Inc. (NYSE:ROP) is Rempart Asset Management Inc.’s 9th Largest Position

Rempart Asset Management Inc. decreased its holdings in Roper Technologies, Inc. (NYSE:ROPFree Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,558 shares of the industrial products company’s stock after selling 1,095 shares during the period. Roper Technologies comprises 4.5% of Rempart Asset Management Inc.’s portfolio, making the stock its 9th largest holding. Rempart Asset Management Inc.’s holdings in Roper Technologies were worth $22,644,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Ledyard National Bank lifted its stake in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 18 shares during the last quarter. Cromwell Holdings LLC lifted its stake in Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after buying an additional 21 shares during the period. Hibernia Wealth Partners LLC increased its stake in Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 21 shares in the last quarter. Ballast Advisors LLC boosted its holdings in Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after acquiring an additional 21 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 22 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $2.56 during trading on Wednesday, reaching $504.54. The stock had a trading volume of 196,439 shares, compared to its average volume of 574,742. The business has a fifty day moving average price of $545.06 and a 200-day moving average price of $548.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market cap of $54.10 billion, a PE ratio of 36.91, a PEG ratio of 2.84 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $504.48 and a 1-year high of $580.09.

Roper Technologies (NYSE:ROPGet Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.32 earnings per share. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.65%. Roper Technologies’s payout ratio is currently 24.14%.

Analysts Set New Price Targets

ROP has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday. Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target for the company. Finally, Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $623.33.

Read Our Latest Stock Report on ROP

About Roper Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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