Nomura Holdings Inc. Purchases 4,592 Shares of Roper Technologies, Inc. (NYSE:ROP)

Nomura Holdings Inc. boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,078 shares of the industrial products company's stock after buying an additional 4,592 shares during the quarter. Nomura Holdings Inc.'s holdings in Roper Technologies were worth $8,358,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $36,000. Parvin Asset Management LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $39,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

ROP stock traded up $8.48 during midday trading on Friday, hitting $582.88. The company's stock had a trading volume of 611,447 shares, compared to its average volume of 550,132. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $62.67 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company has a 50 day moving average of $565.24 and a two-hundred day moving average of $556.40.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.41 EPS. On average, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies's payout ratio is 23.81%.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. William Blair assumed coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday. Raymond James reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $629.18.

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.