Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Roper Technologies Inc (NYSE:ROP) by 4.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,246 shares of the industrial products company’s stock after buying an additional 717 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Roper Technologies were worth $4,520,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ROP. Macquarie Group Ltd. boosted its stake in Roper Technologies by 2.0% in the 2nd quarter. Macquarie Group Ltd. now owns 78,206 shares of the industrial products company’s stock valued at $18,107,000 after buying an additional 1,496 shares in the last quarter. Gotham Asset Management LLC bought a new position in Roper Technologies in the 2nd quarter valued at $260,000. Nomura Holdings Inc. raised its position in Roper Technologies by 63.2% in the 2nd quarter. Nomura Holdings Inc. now owns 9,362 shares of the industrial products company’s stock valued at $2,167,000 after purchasing an additional 3,624 shares during the last quarter. Scotia Capital Inc. raised its position in Roper Technologies by 1.8% in the 2nd quarter. Scotia Capital Inc. now owns 1,744 shares of the industrial products company’s stock valued at $404,000 after purchasing an additional 30 shares during the last quarter. Finally, Westwood Holdings Group Inc. bought a new position in Roper Technologies in the 2nd quarter valued at $190,000. 93.36% of the stock is currently owned by institutional investors and hedge funds.

ROP has been the subject of several research analyst reports. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price objective for the company in a research report on Monday, January 22nd. Wells Fargo & Co set a $310.00 price objective on Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $330.00 price objective on shares of Roper Technologies in a research report on Monday, February 5th. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Finally, Canaccord Genuity lifted their price objective on Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research report on Monday, February 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $285.38.

In other news, CEO Brian D. Jellison sold 29,606 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $277.03, for a total transaction of $8,201,750.18. Following the completion of the sale, the chief executive officer now owns 1,564,778 shares in the company, valued at $433,490,449.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brian D. Jellison sold 215,411 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $277.22, for a total value of $59,716,237.42. Following the sale, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at approximately $433,787,757.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 439,526 shares of company stock valued at $120,362,826. 2.50% of the stock is currently owned by corporate insiders.

Shares of Roper Technologies Inc (ROP) opened at $261.53 on Friday. The firm has a market capitalization of $26,552.75, a price-to-earnings ratio of 27.88, a PEG ratio of 1.90 and a beta of 1.08. Roper Technologies Inc has a 52-week low of $194.03 and a 52-week high of $290.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.87.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.09. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 earnings per share. research analysts forecast that Roper Technologies Inc will post 11.09 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were given a dividend of $0.4125 per share. The ex-dividend date was Monday, January 8th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. Roper Technologies’s payout ratio is presently 17.59%.

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Roper Technologies Profile

Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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