Roper Technologies, Inc. $ROP Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 2,340.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,943 shares of the industrial products company’s stock after purchasing an additional 20,085 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Roper Technologies were worth $10,444,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Townsend Asset Management Corp NC ADV increased its holdings in Roper Technologies by 0.8% in the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock worth $1,448,000 after acquiring an additional 20 shares in the last quarter. Sagespring Wealth Partners LLC grew its position in shares of Roper Technologies by 2.9% in the second quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 20 shares during the period. Trust Co. of Vermont increased its stake in shares of Roper Technologies by 1.8% during the third quarter. Trust Co. of Vermont now owns 1,106 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 20 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Roper Technologies by 1.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,668 shares of the industrial products company’s stock worth $946,000 after purchasing an additional 21 shares during the last quarter. Finally, OLD Second National Bank of Aurora lifted its stake in Roper Technologies by 0.4% in the 2nd quarter. OLD Second National Bank of Aurora now owns 5,661 shares of the industrial products company’s stock valued at $3,209,000 after buying an additional 23 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the subject of several research reports. Oppenheimer cut their price objective on Roper Technologies from $570.00 to $525.00 and set an “outperform” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. Barclays reduced their price objective on Roper Technologies from $506.00 to $475.00 and set an “underweight” rating for the company in a research note on Thursday, December 4th. Piper Sandler lowered their target price on shares of Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Finally, Raymond James Financial reduced their target price on shares of Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating for the company in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $547.86.

Roper Technologies Price Performance

ROP stock opened at $407.61 on Friday. Roper Technologies, Inc. has a 52-week low of $399.09 and a 52-week high of $595.17. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.46. The stock has a market cap of $43.88 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.90 and a beta of 0.94. The business has a fifty day moving average of $438.59 and a two-hundred day moving average of $487.02.

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

Roper Technologies Increases Dividend

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

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Amy Woods Brinkley purchased 1,200 shares of Roper Technologies stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the transaction, the director owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laurence Neil Hunn sold 30,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $443.57, for a total transaction of $13,307,100.00. Following the completion of the transaction, the chief executive officer owned 87,311 shares of the company’s stock, valued at $38,728,540.27. This trade represents a 25.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.78% of the company’s stock.

About Roper Technologies

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.