Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Trimmed by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 895 shares of the industrial products company’s stock after selling 143 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Roper Technologies were worth $488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Roper Technologies in the third quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in Roper Technologies in the third quarter valued at about $27,000. Compass Wealth Management LLC bought a new stake in Roper Technologies in the fourth quarter valued at about $30,000. Fortis Capital Advisors LLC bought a new stake in Roper Technologies in the fourth quarter valued at about $30,000. Finally, Independence Bank of Kentucky acquired a new position in Roper Technologies in the fourth quarter valued at approximately $31,000. 93.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on ROP. Mizuho lifted their target price on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Raymond James lifted their target price on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Oppenheimer lifted their target price on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Royal Bank of Canada boosted their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Barclays boosted their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Four 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

NYSE ROP opened at $526.47 on Thursday. The stock has a market capitalization of $56.34 billion, a P/E ratio of 31.54, a P/E/G ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The business’s fifty day moving average is $546.31 and its two-hundred day moving average is $531.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the company earned $3.92 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. On average, research analysts forecast that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

About Roper Technologies

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.