Nomura Asset Management Co. Ltd. Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Nomura Asset Management Co. Ltd. increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,146 shares of the industrial products company’s stock after purchasing an additional 5,642 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.10% of Roper Technologies worth $55,700,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ROP. Douglas Lane & Associates LLC lifted its stake in shares of Roper Technologies by 18.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after purchasing an additional 17,466 shares during the period. Synovus Financial Corp raised its position in Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after acquiring an additional 961 shares during the period. Nordea Investment Management AB boosted its stake in shares of Roper Technologies by 8.5% during the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after acquiring an additional 42,016 shares during the last quarter. First Financial Bank Trust Division grew its position in shares of Roper Technologies by 28.0% during the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock valued at $5,574,000 after acquiring an additional 2,343 shares during the period. Finally, Signal Advisors Wealth LLC increased its stake in shares of Roper Technologies by 42.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock worth $3,023,000 after purchasing an additional 1,719 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ROP shares. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a report on Thursday. They set a “buy” rating and a $685.00 price target on the stock. Finally, Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $582.64 on Friday. The firm’s fifty day moving average is $570.85 and its two-hundred day moving average is $553.70. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a market cap of $62.57 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 23.01%.

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.