Roper Technologies Inc (ROP) Holdings Lifted by Hikari Power Ltd

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.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 earnings per share. sell-side analysts predict that Roper Technologies Inc will post 9.31 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “Roper Technologies Inc (ROP) Holdings Lifted by Hikari Power Ltd” was first posted by Week Herald and is the property of of Week Herald. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://weekherald.com/2018/01/12/roper-technologies-inc-rop-holdings-lifted-by-hikari-power-ltd.html.

Roper Technologies Company Profile

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply