Hikari Power Ltd boosted its position in shares of Roper Technologies Inc (NYSE:ROP) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,020 shares of the industrial products company’s stock after buying an additional 420 shares during the quarter. Roper Technologies accounts for approximately 2.2% of Hikari Power Ltd’s investment portfolio, making the stock its 15th largest position. Hikari Power Ltd owned 0.07% of Roper Technologies worth $18,394,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROP. CIBC World Markets Inc. purchased a new position in Roper Technologies during the second quarter worth $226,000. Wells Fargo & Company MN boosted its stake in Roper Technologies by 32.5% during the second quarter. Wells Fargo & Company MN now owns 216,802 shares of the industrial products company’s stock worth $50,197,000 after buying an additional 53,202 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in Roper Technologies by 1.7% during the second quarter. Aberdeen Asset Management PLC UK now owns 24,249 shares of the industrial products company’s stock worth $5,614,000 after buying an additional 401 shares during the period. Raymond James Trust N.A. boosted its stake in Roper Technologies by 4.7% during the second quarter. Raymond James Trust N.A. now owns 3,785 shares of the industrial products company’s stock worth $876,000 after buying an additional 170 shares during the period. Finally, Fiera Capital Corp boosted its stake in Roper Technologies by 3.5% during the second quarter. Fiera Capital Corp now owns 1,340 shares of the industrial products company’s stock worth $310,000 after buying an additional 45 shares during the period. 93.46% of the stock is owned by institutional investors.
Shares of Roper Technologies Inc (ROP) opened at $272.50 on Friday. The stock has a market cap of $27,890.00, a price-to-earnings ratio of 39.61, a PEG ratio of 2.15 and a beta of 1.06. Roper Technologies Inc has a one year low of $185.10 and a one year high of $272.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.4125 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, January 8th. Roper Technologies’s payout ratio is currently 23.98%.
ROP has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a research note on Monday, October 2nd. Cowen reissued a “buy” rating and set a $250.00 target price on shares of Roper Technologies in a research note on Thursday, October 12th. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. Finally, Royal Bank of Canada boosted their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $256.27.
In related news, Director Robert D. Johnson sold 1,200 shares of Roper Technologies stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $260.03, for a total value of $312,036.00. Following the completion of the sale, the director now directly owns 9,700 shares in the company, valued at $2,522,291. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of Roper Technologies stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total value of $1,038,040.00. Following the completion of the sale, the director now owns 14,038 shares of the company’s stock, valued at $3,643,001.38. The disclosure for this sale can be found here. Insiders have sold 86,950 shares of company stock valued at $22,574,581 over the last three months. Insiders own 2.50% of the company’s stock.
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Roper Technologies Company Profile
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