J. Safra Sarasin Holding AG Decreases Stock Holdings in Roper Technologies, Inc. $ROP

J. Safra Sarasin Holding AG reduced its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 27.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,110 shares of the industrial products company’s stock after selling 6,012 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Roper Technologies were worth $8,034,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Corbyn Investment Management Inc. MD purchased a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $567,000. Stephens Inc. AR raised its holdings in Roper Technologies by 36.5% during the third quarter. Stephens Inc. AR now owns 14,117 shares of the industrial products company’s stock worth $7,040,000 after purchasing an additional 3,773 shares during the last quarter. Vanguard Group Inc. grew its holdings in Roper Technologies by 1.7% in the second quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock valued at $6,176,798,000 after purchasing an additional 179,646 shares during the last quarter. Canoe Financial LP increased its position in shares of Roper Technologies by 2,996.9% in the third quarter. Canoe Financial LP now owns 238,584 shares of the industrial products company’s stock valued at $118,979,000 after buying an additional 230,880 shares in the last quarter. Finally, Railway Pension Investments Ltd boosted its position in shares of Roper Technologies by 8.9% in the 3rd quarter. Railway Pension Investments Ltd now owns 37,900 shares of the industrial products company’s stock worth $18,900,000 after buying an additional 3,100 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Roper Technologies stock opened at $408.67 on Tuesday. The company has a market cap of $43.99 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.90 and a beta of 0.94. The firm has a 50 day moving average price of $437.88 and a 200 day moving average price of $484.97. Roper Technologies, Inc. has a 1 year low of $399.09 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.58.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $5.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.14 by $0.07. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. During the same quarter in the previous year, the firm posted $4.81 earnings per share. Roper Technologies’s quarterly revenue was up 9.7% compared to the same quarter last year. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

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

Insider Transactions at Roper Technologies

In related news, CEO Laurence Neil Hunn bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $452.23 per share, with a total value of $4,522,300.00. Following the completion of the transaction, the chief executive officer directly owned 97,311 shares of the company’s stock, valued at approximately $44,006,953.53. This represents a 11.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy Woods Brinkley purchased 1,200 shares of Roper Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average cost of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the transaction, the director directly owned 18,184 shares in the company, valued at $8,195,710.64. This represents a 7.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ROP. Robert W. Baird set a $592.00 price target on shares of Roper Technologies in a report on Friday, October 24th. Stifel Nicolaus set a $550.00 target price on Roper Technologies in a research note on Friday, October 24th. TD Cowen cut their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a report on Friday, October 24th. The Goldman Sachs Group cut their target price on shares of Roper Technologies from $572.00 to $507.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Roper Technologies from $540.00 to $457.00 and set an “underweight” rating on the stock in a research note on Friday, January 16th. One investment 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $547.86.

Roper Technologies 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.