Mizuho Securities USA LLC Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Mizuho Securities USA LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 46.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,163 shares of the industrial products company’s stock after purchasing an additional 3,212 shares during the period. Mizuho Securities USA LLC’s holdings in Roper Technologies were worth $5,283,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Quantbot Technologies LP lifted its position in shares of Roper Technologies by 632.5% in the 4th quarter. Quantbot Technologies LP now owns 23,483 shares of the industrial products company’s stock worth $12,208,000 after purchasing an additional 20,277 shares during the period. Sciencast Management LP purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $731,000. Oxford Financial Group LTD. LLC raised its stake in shares of Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 18 shares in the last quarter. Antonelli Financial Advisors LLC bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $210,000. Finally, Ballast Advisors LLC raised its stake in shares of Roper Technologies by 6.6% during the 4th quarter. Ballast Advisors LLC now owns 1,765 shares of the industrial products company’s stock worth $918,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ROP has been the subject of several recent analyst reports. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Stock Down 0.6 %

NYSE:ROP opened at $572.18 on Friday. The firm has a market capitalization of $61.44 billion, a P/E ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company’s fifty day moving average price is $564.14 and its 200-day moving average price is $552.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s payout ratio is currently 23.01%.

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.