Mizuho Markets Americas LLC Sells 2,791 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Mizuho Markets Americas LLC significantly reduced its stake in Roper Technologies by 54.5%, selling 2,791 shares during the first quarter, leaving it with 2,332 shares valued at approximately $1.375 million.
• Roper Technologies recently announced a $0.825 quarterly dividend with an annualized yield of 0.6%, set to be paid on October 17th for stockholders of record by October 3rd.
• The company's stock boasts a market cap of $57.51 billion with a P/E ratio of 37.26, and analysts maintain a consensus rating of "Moderate Buy" with a target price averaging $637.18.

Mizuho Markets Americas LLC reduced its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 54.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,332 shares of the industrial products company's stock after selling 2,791 shares during the quarter. Mizuho Markets Americas LLC's holdings in Roper Technologies were worth $1,375,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ROP. MorganRosel Wealth Management LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at $27,000. Putney Financial Group LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at $31,000. Olde Wealth Management LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at $31,000. Wayfinding Financial LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at $31,000. Finally, Alpine Bank Wealth Management bought a new position in Roper Technologies during the first quarter worth $34,000. 93.31% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the sale, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $534.38 on Friday. The firm has a 50-day moving average of $559.10 and a 200-day moving average of $565.23. The company has a market cap of $57.51 billion, a P/E ratio of 37.26, a P/E/G ratio of 2.77 and a beta of 0.99. 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 one year low of $499.47 and a one year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.48 earnings per share. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio is currently 23.19%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROP. Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. William Blair began coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $637.18.

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.

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.