Roper Technologies, Inc. $ROP Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,203 shares of the industrial products company’s stock after purchasing an additional 3,750 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Roper Technologies were worth $79,892,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ROP. UniSuper Management Pty Ltd boosted its position in Roper Technologies by 1.4% in the third quarter. UniSuper Management Pty Ltd now owns 22,234 shares of the industrial products company’s stock valued at $11,088,000 after buying an additional 306 shares during the last quarter. Westfuller Advisors LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at approximately $234,000. Teacher Retirement System of Texas lifted its stake in Roper Technologies by 74.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 42,030 shares of the industrial products company’s stock valued at $20,960,000 after acquiring an additional 17,892 shares during the period. UNIVEST FINANCIAL Corp boosted its holdings in shares of Roper Technologies by 2.7% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 13,363 shares of the industrial products company’s stock valued at $6,664,000 after acquiring an additional 356 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its position in Roper Technologies by 4.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 12,462 shares of the industrial products company’s stock worth $6,215,000 after purchasing an additional 554 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROP has been the subject of several analyst reports. Stifel Nicolaus set a $550.00 price objective on Roper Technologies in a report on Friday, October 24th. Robert W. Baird set a $592.00 price target on Roper Technologies in a research report on Friday, October 24th. TD Cowen lowered their price objective on Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Oppenheimer dropped their price objective on shares of Roper Technologies from $570.00 to $525.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Royal Bank Of Canada cut shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $644.00 to $539.00 in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $547.86.

Insider Buying and Selling at Roper Technologies

In related news, CEO Laurence Neil Hunn sold 30,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $38,728,540.27. This represents a 25.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy Woods Brinkley purchased 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the purchase, 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. Company insiders own 0.78% of the company’s stock.

Roper Technologies Stock Up 0.0%

Shares of ROP opened at $407.61 on Friday. The firm has a market cap of $43.88 billion, a P/E ratio of 28.09, a PEG ratio of 1.90 and a beta of 0.94. Roper Technologies, Inc. has a 12 month low of $399.09 and a 12 month high of $595.17. The stock’s 50 day moving average is $438.59 and its two-hundred day moving average is $487.02. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.02 billion. During the same period in the prior year, the company posted $4.62 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

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

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.