Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,982 shares of the industrial products company’s stock after purchasing an additional 40,072 shares during the period. Roper Technologies comprises 0.8% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s portfolio, making the stock its 28th largest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.62% of Roper Technologies worth $287,170,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Planning LLC increased its holdings in Roper Technologies by 1.7% during the 4th quarter. Fiduciary Planning LLC now owns 2,514 shares of the industrial products company’s stock worth $1,086,000 after purchasing an additional 42 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Roper Technologies by 92.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,785 shares of the industrial products company’s stock worth $34,474,000 after buying an additional 38,339 shares during the last quarter. Marks Group Wealth Management Inc raised its holdings in Roper Technologies by 0.7% in the fourth quarter. Marks Group Wealth Management Inc now owns 5,034 shares of the industrial products company’s stock valued at $2,175,000 after acquiring an additional 36 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Roper Technologies by 8.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,594 shares of the industrial products company’s stock valued at $3,281,000 after acquiring an additional 568 shares during the last quarter. Finally, Burney Co. acquired a new position in Roper Technologies during the 4th quarter worth $790,000. 92.41% of the stock is owned by hedge funds and other institutional investors.
Roper Technologies Stock Performance
Roper Technologies stock traded up $3.21 during mid-day trading on Friday, hitting $456.19. 152,334 shares of the company’s stock traded hands, compared to its average volume of 548,982. Roper Technologies, Inc. has a one year low of $356.21 and a one year high of $481.65. The company has a market cap of $48.47 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. The firm has a 50 day moving average price of $432.64 and a 200 day moving average price of $426.50. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.37.
Roper Technologies (NYSE:ROP – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The industrial products company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Roper Technologies had a net margin of 80.89% and a return on equity of 11.43%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.77 earnings per share. On average, equities analysts forecast that Roper Technologies, Inc. will post 16.08 EPS for the current year.
Roper Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Thursday, April 6th were paid a dividend of $0.683 per share. This represents a $2.73 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Wednesday, April 5th. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.68. Roper Technologies’s dividend payout ratio (DPR) is currently 6.41%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on ROP. Truist Financial increased their price target on shares of Roper Technologies from $525.00 to $540.00 in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and set a $528.00 price objective on shares of Roper Technologies in a research note on Wednesday, March 22nd. StockNews.com assumed coverage on shares of Roper Technologies in a research note on Thursday, March 16th. They set a “hold” rating for the company. Wolfe Research upgraded shares of Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price target on the stock in a research report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. raised shares of Roper Technologies from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $385.00 to $420.00 in a research report on Wednesday, March 22nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $494.58.
Insider Buying and Selling
In other Roper Technologies news, Director Richard F. Wallman purchased 1,000 shares of the business’s stock in a transaction on Tuesday, February 14th. The stock was bought at an average cost of $424.95 per share, with a total value of $424,950.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $424,950. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Richard F. Wallman acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, February 14th. The stock was bought at an average price of $424.95 per share, for a total transaction of $424,950.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at $424,950. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher Wright sold 471 shares of Roper Technologies stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $429.55, for a total value of $202,318.05. Following the completion of the transaction, the director now owns 38,127 shares in the company, valued at $16,377,452.85. The disclosure for this sale can be found here. 0.88% of the stock is owned by corporate insiders.
About Roper Technologies
Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.
Further Reading
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