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

Bank of Montreal Can raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 31.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 338,887 shares of the industrial products company’s stock after purchasing an additional 80,255 shares during the quarter. Bank of Montreal Can owned 0.32% of Roper Technologies worth $192,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board raised its holdings in shares of Roper Technologies by 2,432.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 61,109 shares of the industrial products company’s stock valued at $34,445,000 after buying an additional 58,696 shares during the period. HighVista Strategies LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at $1,353,000. DRW Securities LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at $453,000. EverSource Wealth Advisors LLC raised its holdings in shares of Roper Technologies by 48.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 710 shares of the industrial products company’s stock valued at $387,000 after buying an additional 233 shares during the period. Finally, Fairscale Capital LLC acquired a new position in Roper Technologies during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

NYSE ROP opened at $557.75 on Tuesday. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The company has a market capitalization of $59.70 billion, a P/E ratio of 40.48, a PEG ratio of 2.92 and a beta of 1.02. The business has a 50 day moving average price of $547.89 and a 200 day moving average price of $545.47. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Sell-side analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Wall Street Analyst Weigh In

Several research firms recently commented on ROP. Barclays boosted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Truist Financial reissued a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Oppenheimer lowered their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

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.