Mizuho Securities USA LLC Purchases 13,382 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mizuho Securities USA LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 162.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,631 shares of the industrial products company's stock after purchasing an additional 13,382 shares during the period. Mizuho Securities USA LLC's holdings in Roper Technologies were worth $12,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in shares of Roper Technologies in the first quarter valued at approximately $25,000. Fairscale Capital LLC purchased a new stake in Roper Technologies in the 2nd quarter valued at $28,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies during the third quarter worth about $28,000. Versant Capital Management Inc raised its position in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new position in Roper Technologies during the second quarter worth $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

ROP stock traded down $16.54 during mid-day trading on Friday, hitting $548.23. 581,284 shares of the company were exchanged, compared to its average volume of 481,814. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The business has a 50 day simple moving average of $552.39 and a 200-day simple moving average of $547.96. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $58.79 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating 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 company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the company earned $4.32 EPS. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, January 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 21.95%.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ROP has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Baird R W raised Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Oppenheimer reduced their price target on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group increased their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Finally, Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $620.80.

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.