OVERSEA CHINESE BANKING Corp Ltd Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Roper Technologies, Inc. (NYSE:ROPFree Report) by 33.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,595 shares of the industrial products company’s stock after buying an additional 402 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Roper Technologies were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ROP. Beaumont Financial Advisors LLC boosted its holdings in Roper Technologies by 2.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 20 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Roper Technologies by 10.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 21 shares during the period. UMB Bank n.a. boosted its holdings in Roper Technologies by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 21 shares during the period. NorthRock Partners LLC boosted its holdings in Roper Technologies by 1.7% in the 3rd quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 21 shares during the period. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after acquiring an additional 21 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Price Performance

ROP stock opened at $534.38 on Monday. The firm’s 50-day moving average price is $545.64 and its two-hundred day moving average price is $532.42. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $565.00. The stock has a market capitalization of $57.19 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 2.82 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROPGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $3.92 earnings per share. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ROP shares. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho boosted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Wells Fargo & Company boosted their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Raymond James boosted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research note on Thursday, January 4th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Check Out Our Latest Stock Analysis on ROP

Roper Technologies Company Profile

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

Further Reading

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

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