3,333 Shares of Roper Technologies, Inc. $ROP Acquired by China Universal Asset Management Co. Ltd.

Key Points

• China Universal Asset Management acquired 3,333 shares of Roper Technologies in the third quarter, valued at approximately $1.165 million. Institutional investors and hedge funds collectively own 93.31% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $469.41, despite recent target increases from Citigroup and Jefferies.
• Roper Technologies exceeded quarterly earnings expectations, reporting $5.89 in EPS versus the $5.79 consensus estimate, while revenue rose 7.7% year over year to $2.17 billion.

China Universal Asset Management Co. Ltd. acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,333 shares of the industrial products company's stock, valued at approximately $1,165,000.

A number of other large investors also recently modified their holdings of ROP. BlackRock Inc. bought a new position in Roper Technologies in the second quarter valued at approximately $3,346,912,000. Wellington Management Group LLP bought a new stake in Roper Technologies during the second quarter worth $890,328,000. Arrowstreet Capital Limited Partnership lifted its stake in Roper Technologies by 206.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company's stock valued at $474,070,000 after acquiring an additional 903,223 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Roper Technologies by 6.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company's stock valued at $462,667,000 after purchasing an additional 78,713 shares during the last quarter. Finally, Flossbach Von Storch SE acquired a new stake in Roper Technologies in the 2nd quarter valued at about $448,321,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In related news, EVP Jason Conley sold 12,000 shares of the firm's stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the transaction, the executive vice president directly owned 28,457 shares of the company's stock, valued at approximately $12,393,877.21. This trade represents a 29.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John K. Stipancich sold 3,500 shares of the firm's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the transaction, the executive vice president directly owned 35,434 shares in the company, valued at approximately $15,911,283.36. This represents a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of several research analyst reports. Citigroup upped their price objective on Roper Technologies from $450.00 to $525.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. BMO Capital Markets reiterated a "market perform" rating and set a $462.00 target price (up from $393.00) on shares of Roper Technologies in a research note on Friday, October 23rd. Jefferies Financial Group boosted their target price on Roper Technologies from $500.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. The Goldman Sachs Group dropped their price target on Roper Technologies from $414.00 to $410.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Finally, Weiss Ratings raised shares of Roper Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $469.41.

Roper Technologies Trading Up 3.8%

Shares of NASDAQ:ROP opened at $466.60 on Friday. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $470.01. The stock has a market cap of $46.15 billion, a PE ratio of 20.78, a P/E/G ratio of 2.23 and a beta of 0.75. The business has a 50 day moving average of $392.34 and a 200-day moving average of $365.55. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.43.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, beating the consensus estimate of $5.79 by $0.10. The company had revenue of $2.17 billion for the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. Roper Technologies's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.14 EPS. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Roper Technologies's dividend payout ratio (DPR) is currently 14.36%.

Roper Technologies Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company's software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.

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