Sumitomo Mitsui DS Asset Management Company Ltd Purchases 289 Shares of Roper Technologies, Inc. (NYSE:ROP)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,777 shares of the industrial products company’s stock after purchasing an additional 289 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Roper Technologies were worth $7,202,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in Roper Technologies in the 1st quarter valued at approximately $25,000. Rise Advisors LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $27,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the 1st quarter valued at $29,000. Versant Capital Management Inc lifted its holdings in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new position in Roper Technologies in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of several analyst reports. Oppenheimer decreased their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Truist Financial restated a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research report on Tuesday. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies Trading Up 0.1 %

Shares of ROP stock opened at $554.41 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a market cap of $59.35 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. The business has a 50-day moving average price of $549.83 and a two-hundred day moving average price of $544.49. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Equities analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, July 8th. Roper Technologies’s payout ratio is presently 21.77%.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. Insiders sold 3,940 shares of company stock valued at $2,214,019 over the last three months. Insiders own 0.87% of the company’s stock.

About Roper Technologies

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.