Nomura Asset Management Co. Ltd. Purchases 6,108 Shares of Roper Technologies, Inc. (NYSE:ROP)

Nomura Asset Management Co. Ltd. grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,504 shares of the industrial products company's stock after purchasing an additional 6,108 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.09% of Roper Technologies worth $56,481,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in shares of Roper Technologies by 12.2% in the second quarter. Sequoia Financial Advisors LLC now owns 4,465 shares of the industrial products company's stock valued at $2,517,000 after acquiring an additional 485 shares during the last quarter. Diversified Trust Co boosted its stake in Roper Technologies by 33.5% in the second quarter. Diversified Trust Co now owns 490 shares of the industrial products company's stock worth $276,000 after purchasing an additional 123 shares in the last quarter. ORG Partners LLC boosted its stake in Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company's stock worth $652,000 after purchasing an additional 1,024 shares in the last quarter. PGGM Investments increased its stake in shares of Roper Technologies by 739.4% in the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company's stock valued at $40,919,000 after buying an additional 63,947 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its stake in shares of Roper Technologies by 3.2% in the second quarter. Oak Ridge Investments LLC now owns 14,357 shares of the industrial products company's stock valued at $8,092,000 after buying an additional 449 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of research analyst reports. Barclays reissued an "underweight" rating and set a $569.00 price objective (down previously from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Jefferies Financial Group raised their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a report on Friday, August 16th. Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Truist Financial reaffirmed a "buy" rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $615.20.

Roper Technologies Trading Up 0.2 %

ROP traded up $1.05 during midday trading on Tuesday, reaching $549.47. 587,920 shares of the company were exchanged, compared to its average volume of 496,109. The stock has a market capitalization of $58.92 billion, a P/E ratio of 40.20, a PEG ratio of 2.88 and a beta of 1.02. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $580.09. The stock's 50-day simple moving average is $554.14 and its 200 day simple moving average is $551.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm earned $4.32 EPS. Roper Technologies's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's payout ratio is currently 21.95%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.87% of the company's stock.

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.