Hsbc Holdings PLC Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Hsbc Holdings PLC grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 314,299 shares of the industrial products company's stock after buying an additional 7,515 shares during the period. Hsbc Holdings PLC owned 0.29% of Roper Technologies worth $163,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC grew its stake in Roper Technologies by 2.1% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,021 shares of the industrial products company's stock worth $531,000 after purchasing an additional 21 shares during the period. Stifel Financial Corp increased its stake in shares of Roper Technologies by 5.5% in the 4th quarter. Stifel Financial Corp now owns 54,800 shares of the industrial products company's stock worth $28,494,000 after acquiring an additional 2,879 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Roper Technologies by 2.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 7,064 shares of the industrial products company's stock valued at $3,671,000 after acquiring an additional 194 shares during the period. Tower Research Capital LLC TRC boosted its stake in Roper Technologies by 161.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,826 shares of the industrial products company's stock worth $5,628,000 after acquiring an additional 6,693 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA grew its holdings in Roper Technologies by 0.7% in the fourth quarter. Kelly Lawrence W & Associates Inc. CA now owns 29,358 shares of the industrial products company's stock worth $15,262,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Roper Technologies stock traded down $6.19 during mid-day trading on Monday, reaching $551.52. 258,877 shares of the stock traded hands, compared to its average volume of 550,435. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The business's 50-day moving average is $568.90 and its 200-day moving average is $554.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market capitalization of $59.22 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Raymond James restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective on the stock. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Finally, Oppenheimer reissued an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies 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.