Roper Technologies, Inc. (NYSE:ROP) Stake Lessened by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its stake in Roper Technologies by 15.5%, now owning 8,586 shares valued at over $5 million.
• Several institutional investors, including Vanguard and T. Rowe Price, increased their holdings in Roper Technologies, with 93.31% of shares currently held by these entities.
• Roper Technologies reported a 13.2% year-over-year revenue growth and will pay a quarterly dividend of $0.825 on October 17th.

Mizuho Securities USA LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,586 shares of the industrial products company's stock after selling 1,577 shares during the period. Mizuho Securities USA LLC's holdings in Roper Technologies were worth $5,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock worth $6,318,678,000 after acquiring an additional 142,150 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Roper Technologies by 42.2% during the fourth 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 in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Roper Technologies by 1.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company's stock worth $605,653,000 after acquiring an additional 19,377 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Roper Technologies by 103,901.5% during the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after acquiring an additional 1,113,824 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Roper Technologies by 9.6% during the fourth quarter. Northern Trust Corp now owns 1,111,212 shares of the industrial products company's stock worth $577,664,000 after acquiring an additional 97,270 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, the vice president directly owned 38,932 shares in the company, 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 company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ROP. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Truist Financial raised their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Robert W. Baird raised their target price on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their target price on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $637.18.

Roper Technologies Trading Down 0.4%

Roper Technologies stock opened at $534.38 on Friday. 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 business's 50-day simple moving average is $559.10 and its 200-day simple moving average is $565.23. The firm has a market capitalization of $57.51 billion, a PE ratio of 37.26, a PEG ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data 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%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $4.48 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is 23.19%.

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.

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