Nomura Asset Management Co. Ltd. boosted its stake in Roper Technologies Inc (NYSE:ROP) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,777 shares of the industrial products company’s stock after buying an additional 462 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Roper Technologies were worth $3,569,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ROP. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Roper Technologies in the 4th quarter valued at about $117,000. Icon Wealth Partners LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $155,000. Stephens Inc. AR raised its holdings in Roper Technologies by 113.6% in the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 350 shares during the last quarter. Zions Bancorporation raised its holdings in Roper Technologies by 3,457.9% in the 3rd quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 657 shares during the last quarter. Finally, Trustcore Financial Services LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $180,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. Cowen restated a “buy” rating and set a $310.00 price target on shares of Roper Technologies in a report on Tuesday, March 6th. Barclays assumed coverage on shares of Roper Technologies in a report on Thursday, February 15th. They set an “equal weight” rating and a $285.00 price target for the company. Stifel Nicolaus restated a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a report on Monday, February 5th. Canaccord Genuity raised their price target on shares of Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a report on Monday, February 5th. Finally, Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $298.58.
Shares of Roper Technologies Inc (ROP) opened at $281.66 on Wednesday. Roper Technologies Inc has a 1-year low of $203.50 and a 1-year high of $290.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77. The firm has a market cap of $29,082.42, a P/E ratio of 30.06, a P/E/G ratio of 2.07 and a beta of 1.06.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $0.09. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company posted $1.86 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. equities analysts expect that Roper Technologies Inc will post 11.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be given a $0.4125 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.65 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio is presently 17.59%.
Roper Technologies Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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