Roper Technologies, Inc. (NYSE:ROP) Stake Boosted by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Roper Technologies by 6.2% in the first quarter, now owning 54,691 shares valued at approximately $32.2 million.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding analysts' expectations, and showed a 13.2% rise in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.825 per share, with an annualized yield of 0.6%, reflecting a payout ratio of 23.19%.

Resona Asset Management Co. Ltd. boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,691 shares of the industrial products company's stock after acquiring an additional 3,185 shares during the quarter. Resona Asset Management Co. Ltd. owned 0.05% of Roper Technologies worth $32,186,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ROP. T. Rowe Price Investment Management Inc. boosted its position in Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after acquiring an additional 1,529,716 shares during the period. Nuveen LLC acquired a new stake in shares of Roper Technologies during the 1st quarter valued at about $894,764,000. GAMMA Investing LLC lifted its holdings in shares of Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after buying an additional 1,113,824 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Roper Technologies by 15,719.2% during the 4th quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock valued at $114,719,000 after buying an additional 219,283 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Roper Technologies by 23.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock valued at $638,648,000 after buying an additional 205,019 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Down 1.5%

ROP opened at $519.50 on Wednesday. The business has a 50 day moving average price of $557.35 and a 200 day moving average price of $565.10. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a market cap of $55.91 billion, a P/E ratio of 36.23, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter last year, the firm earned $4.48 earnings per share. The company's quarterly revenue was up 13.2% compared to the same quarter last year. Research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Robert W. Baird lifted their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Stifel Nicolaus reduced their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $637.18.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

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.

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