Y Intercept Hong Kong Ltd Grows Stock Position in Roper Technologies, Inc. $ROP

Y Intercept Hong Kong Ltd boosted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 2,340.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,943 shares of the industrial products company’s stock after purchasing an additional 20,085 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Roper Technologies were worth $10,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Mn Services Vermogensbeheer B.V. raised its holdings in Roper Technologies by 1.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 40,645 shares of the industrial products company’s stock valued at $20,269,000 after acquiring an additional 500 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Roper Technologies by 2.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 160,203 shares of the industrial products company’s stock valued at $79,892,000 after purchasing an additional 3,750 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Roper Technologies by 1.4% in the 3rd quarter. UniSuper Management Pty Ltd now owns 22,234 shares of the industrial products company’s stock valued at $11,088,000 after purchasing an additional 306 shares in the last quarter. Westfuller Advisors LLC purchased a new stake in shares of Roper Technologies during the 3rd quarter worth $234,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Roper Technologies by 74.1% during the third quarter. Teacher Retirement System of Texas now owns 42,030 shares of the industrial products company’s stock worth $20,960,000 after purchasing an additional 17,892 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $407.61 on Friday. The stock has a market cap of $43.88 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.90 and a beta of 0.94. Roper Technologies, Inc. has a twelve month low of $399.09 and a twelve month high of $595.17. The stock has a 50 day moving average of $438.59 and a two-hundred day moving average of $487.02. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm posted $4.62 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 2nd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s payout ratio is 25.09%.

Insiders Place Their Bets

In other Roper Technologies news, Director Amy Woods Brinkley bought 1,200 shares of Roper Technologies stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average cost of $450.71 per share, with a total value of $540,852.00. Following the completion of the acquisition, the director owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. This represents a 7.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laurence Neil Hunn sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $443.57, for a total value of $13,307,100.00. Following the transaction, the chief executive officer directly owned 87,311 shares in the company, valued at approximately $38,728,540.27. This represents a 25.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial set a $650.00 price target on Roper Technologies in a report on Friday, October 24th. Stifel Nicolaus set a $550.00 target price on Roper Technologies in a research report on Friday, October 24th. Raymond James Financial lowered their price target on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating for the company in a report on Friday, October 24th. TD Cowen cut their price objective on shares of Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Finally, Jefferies Financial Group reduced their price objective on shares of Roper Technologies from $650.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $547.86.

Roper Technologies Company Profile

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.