Rakuten Investment Management Inc. Invests $10.71 Million in Roper Technologies, Inc. $ROP

Rakuten Investment Management Inc. bought a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,477 shares of the industrial products company’s stock, valued at approximately $10,710,000.

Several other institutional investors and hedge funds have also modified their holdings of ROP. Townsend Asset Management Corp NC ADV increased its stake in shares of Roper Technologies by 0.8% in the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock worth $1,448,000 after purchasing an additional 20 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in Roper Technologies by 2.9% in the second quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock worth $407,000 after buying an additional 20 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of Roper Technologies by 1.8% in the third quarter. Trust Co. of Vermont now owns 1,106 shares of the industrial products company’s stock worth $552,000 after buying an additional 20 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Roper Technologies by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 1,668 shares of the industrial products company’s stock worth $946,000 after buying an additional 21 shares during the period. Finally, Clarus Group Inc. lifted its position in shares of Roper Technologies by 1.9% during the 2nd quarter. Clarus Group Inc. now owns 1,204 shares of the industrial products company’s stock valued at $683,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.2%

Shares of NASDAQ ROP opened at $404.66 on Thursday. The stock has a market capitalization of $43.56 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.89 and a beta of 0.94. Roper Technologies, Inc. has a 12-month low of $399.09 and a 12-month high of $595.17. The firm’s 50-day moving average price is $440.23 and its 200-day moving average price is $488.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.62 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, January 2nd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s payout ratio is currently 25.09%.

Insider Transactions at Roper Technologies

In other news, Director Amy Woods Brinkley acquired 1,200 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the purchase, the director directly owned 18,184 shares in the company, valued at approximately $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laurence Neil Hunn bought 10,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average price of $452.23 per share, with a total value of $4,522,300.00. Following the transaction, the chief executive officer directly owned 97,311 shares of the company’s stock, valued at approximately $44,006,953.53. This trade represents a 11.45% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

ROP has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of Roper Technologies from $506.00 to $475.00 and set an “underweight” rating on the stock in a research note on Thursday, December 4th. Robert W. Baird set a $592.00 price objective on shares of Roper Technologies in a research report on Friday, October 24th. Mizuho reaffirmed an “underperform” rating and issued a $419.00 target price (down previously from $510.00) on shares of Roper Technologies in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. Finally, TD Cowen lowered their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $551.07.

Roper Technologies Profile

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.