Hikari Power Ltd Acquires New Holdings in Roper Technologies, Inc. $ROP

Hikari Power Ltd acquired a new position in Roper Technologies, Inc. (NASDAQ:ROP) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 12,000 shares of the industrial products company’s stock, valued at approximately $4,193,000. Roper Technologies makes up approximately 1.0% of Hikari Power Ltd’s investment portfolio, making the stock its 9th biggest holding.

Several other large investors have also recently added to or reduced their stakes in ROP. Eads & Heald Wealth Management grew its stake in shares of Roper Technologies by 1.7% in the third quarter. Eads & Heald Wealth Management now owns 2,720 shares of the industrial products company’s stock worth $950,000 after purchasing an additional 46 shares in the last quarter. Next Level Wealth Planning LLC acquired a new position in shares of Roper Technologies during the third quarter valued at $63,000. Salomon & Ludwin LLC bought a new stake in shares of Roper Technologies during the third quarter valued at about $37,000. Summit Global Investments bought a new stake in shares of Roper Technologies during the third quarter valued at about $1,144,000. Finally, MGO One Seven LLC acquired a new stake in Roper Technologies in the third quarter worth about $333,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In other Roper Technologies news, EVP John K. Stipancich sold 3,500 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $449.04, for a total value of $1,571,640.00. Following the completion of the sale, the executive vice president directly owned 35,434 shares of the company’s stock, valued at approximately $15,911,283.36. This represents a 8.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jason Conley sold 12,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the transaction, the executive vice president owned 28,457 shares of the company’s stock, valued at approximately $12,393,877.21. This trade represents a 29.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a $462.00 target price (up from $393.00) on shares of Roper Technologies in a research report on Friday, October 23rd. Royal Bank Of Canada raised their target price on shares of Roper Technologies from $417.00 to $450.00 and gave the company a “sector perform” rating in a research note on Friday, October 23rd. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Thursday, August 6th. The Goldman Sachs Group dropped their price target on shares of Roper Technologies from $414.00 to $410.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Finally, Weiss Ratings raised shares of Roper Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $469.41.

Roper Technologies Stock Performance

Shares of NASDAQ ROP opened at $473.58 on Wednesday. The stock has a fifty day moving average price of $394.86 and a two-hundred day moving average price of $366.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43. The firm has a market cap of $46.84 billion, a P/E ratio of 22.16, a PEG ratio of 2.38 and a beta of 0.67. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $484.21.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The company had revenue of $2.17 billion for the quarter. During the same quarter last year, the business posted $5.14 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts forecast that Roper Technologies, Inc. will post 22.38 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Roper Technologies’s payout ratio is presently 14.36%.

Roper Technologies Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.