Hikari Power Ltd Acquires New Position in Roper Technologies, Inc. $ROP

Key Points

• Hikari Power initiated a Roper Technologies position in the third quarter, buying 12,000 shares valued at about $4.19 million. Roper represents 1% of its portfolio and is its ninth-largest holding.
• Roper reported quarterly EPS of $5.89, beating analyst expectations of $5.79, while revenue rose 7.7% year over year to $2.17 billion.
• Analysts’ consensus rating is “Hold,” with an average price target of $469.41; the company also pays an annualized dividend of $3.64 per share, yielding 0.8%.

Hikari Power Ltd bought a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,000 shares of the industrial products company's stock, valued at approximately $4,193,000. Roper Technologies comprises 1.0% of Hikari Power Ltd's holdings, making the stock its 9th largest holding.

A number of other large investors also recently bought and sold shares of ROP. BlackRock Inc. bought a new stake in shares of Roper Technologies in the 2nd quarter valued at approximately $3,346,912,000. Wellington Management Group LLP acquired a new stake in shares of Roper Technologies during the 2nd quarter valued at approximately $890,328,000. Arrowstreet Capital Limited Partnership raised its position in shares of Roper Technologies by 206.9% during the 1st 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Roper Technologies by 6.1% during the second 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 worth $462,667,000 after purchasing an additional 78,713 shares during the last quarter. Finally, Flossbach Von Storch SE bought a new position in Roper Technologies during the second quarter worth $448,321,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 1.2%

NASDAQ:ROP opened at $473.58 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $394.86 and a 200-day moving average of $366.06. The firm has a market capitalization of $46.84 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.38 and a beta of 0.67. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $484.21.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business had revenue of $2.17 billion for the quarter. During the same period last year, the business posted $5.14 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that Roper Technologies, Inc. will post 22.38 EPS for the current year.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Roper Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, October 20th. Piper Sandler dropped their target price on shares of Roper Technologies from $540.00 to $526.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Truist Financial increased their target price on shares of Roper Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, October 23rd. Jefferies Financial Group raised their price target on shares of Roper Technologies from $500.00 to $540.00 and gave the stock a "buy" rating in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. raised shares of Roper Technologies from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $415.00 to $490.00 in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Roper Technologies has an average rating of "Hold" and an average price target of $469.41.

Insider Buying and Selling at Roper Technologies

In other news, EVP Jason Conley sold 12,000 shares of the business's stock in a transaction on 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 completion of the transaction, the executive vice president owned 28,457 shares of the company's stock, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John K. Stipancich sold 3,500 shares of the company'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 owned 35,434 shares of the company's stock, valued at $15,911,283.36. This represents a 8.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by company insiders.

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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