Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,744 shares of the industrial products company’s stock after selling 199 shares during the quarter. Roper Technologies comprises approximately 3.6% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 7th largest holding. Mountain Pacific Investment Advisers Inc. ID’s holdings in Roper Technologies were worth $57,649,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp lifted its holdings in shares of Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after purchasing an additional 280,873 shares in the last quarter. iA Global Asset Management Inc. bought a new position in shares of Roper Technologies in the 3rd quarter worth $82,379,000. Envestnet Asset Management Inc. lifted its holdings in shares of Roper Technologies by 81.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock worth $154,103,000 after purchasing an additional 143,122 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Roper Technologies by 512.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,407 shares of the industrial products company’s stock worth $69,933,000 after purchasing an additional 120,836 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after purchasing an additional 100,621 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent research reports. Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer raised their price objective on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Mizuho raised their price objective on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Royal Bank of Canada raised their price objective on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Raymond James raised their price objective 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. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Insider Activity at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the 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 transaction, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is currently owned by insiders.

Roper Technologies Trading Down 2.5 %

Shares of ROP opened at $526.78 on Friday. The business has a 50-day moving average of $545.05 and a 200 day moving average of $533.36. Roper Technologies, Inc. has a fifty-two week low of $435.49 and a fifty-two week high of $565.00. The firm has a market cap of $56.38 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. 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 earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.90 EPS. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 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.