Bank of Montreal Can Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Bank of Montreal Can increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 347,365 shares of the industrial products company’s stock after buying an additional 8,478 shares during the period. Bank of Montreal Can owned 0.32% of Roper Technologies worth $192,371,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of Roper Technologies by 8.3% during the 3rd quarter. Private Trust Co. NA now owns 352 shares of the industrial products company’s stock worth $196,000 after acquiring an additional 27 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after purchasing an additional 132,913 shares in the last quarter. Independent Advisor Alliance boosted its position in Roper Technologies by 8.6% during the third quarter. Independent Advisor Alliance now owns 3,290 shares of the industrial products company’s stock worth $1,831,000 after purchasing an additional 261 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Roper Technologies by 52.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company’s stock valued at $2,747,000 after purchasing an additional 1,699 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Roper Technologies in the third quarter valued at approximately $718,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ROP shares. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Jefferies Financial Group lifted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Robert W. Baird increased their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Price Performance

ROP stock opened at $557.94 on Tuesday. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10. The firm has a market capitalization of $59.83 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The business has a 50 day simple moving average of $552.45 and a 200-day simple moving average of $549.67.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business earned $4.32 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies’s payout ratio is 24.14%.

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.