Mizuho Securities USA LLC Purchases 3,212 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mizuho Securities USA LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,163 shares of the industrial products company's stock after acquiring an additional 3,212 shares during the period. Mizuho Securities USA LLC's holdings in Roper Technologies were worth $5,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. Wellington Management Group LLP raised its stake in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock valued at $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Roper Technologies in the 4th quarter valued at approximately $148,070,000. Proficio Capital Partners LLC lifted its holdings in shares of Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after acquiring an additional 279,795 shares during the period. Union Bancaire Privee UBP SA bought a new position in Roper Technologies in the fourth quarter valued at approximately $69,382,000. Finally, Loomis Sayles & Co. L P raised 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 valued at $360,811,000 after purchasing an additional 132,913 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ROP shares. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a research note on Thursday. They set a "buy" rating and a $685.00 target price on the stock. Finally, Raymond James reiterated a "strong-buy" rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $629.18.

Roper Technologies Trading Up 1.7 %

Shares of Roper Technologies stock traded up $9.84 during midday trading on Thursday, reaching $592.55. The company had a trading volume of 627,319 shares, compared to its average volume of 499,602. The firm has a market cap of $63.63 billion, a PE ratio of 41.32, a P/E/G ratio of 2.77 and a beta of 1.06. The stock has a fifty day moving average price of $568.17 and a 200 day moving average price of $553.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction 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 completion of the sale, the director now directly owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock valued at $4,712,045 in the last ninety days. 0.87% of the stock is owned by company insiders.

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.