Daiwa Securities Group Inc. Has $11.26 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Daiwa Securities Group Inc. grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 21,654 shares of the industrial products company's stock after buying an additional 1,384 shares during the period. Daiwa Securities Group Inc.'s holdings in Roper Technologies were worth $11,257,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ROP. OFI Invest Asset Management acquired a new position in Roper Technologies in the fourth quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. raised its position in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Roper Technologies in the fourth quarter worth about $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies in the fourth quarter worth about $49,000. Finally, J.Safra Asset Management Corp raised its position in Roper Technologies by 113.0% in the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company's stock worth $51,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity

In other news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company insiders.

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Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average price target of $623.60.

Roper Technologies Stock Up 0.0 %

NYSE ROP traded up $0.27 on Wednesday, reaching $566.02. The company had a trading volume of 226,195 shares, compared to its average volume of 496,682. The firm has a market capitalization of $60.78 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company's fifty day moving average is $554.32 and its 200-day moving average is $551.56.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's payout ratio is 23.01%.

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.