Mitsubishi UFJ Trust & Banking Corp Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Mitsubishi UFJ Trust & Banking Corp increased its position in Roper Technologies, Inc. (NYSE:ROP) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,038 shares of the industrial products company’s stock after acquiring an additional 4,735 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Roper Technologies were worth $78,853,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in shares of Roper Technologies in the first quarter worth approximately $27,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the 1st quarter valued at $29,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Roper Technologies in the 4th quarter worth $31,000. Independence Bank of Kentucky purchased a new stake in Roper Technologies during the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC bought a new position in Roper Technologies in the fourth quarter valued at about $32,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of NYSE ROP traded down $3.88 during mid-day trading on Friday, reaching $567.31. The company’s stock had a trading volume of 459,205 shares, compared to its average volume of 445,231. The stock has a fifty day moving average of $551.36 and a two-hundred day moving average of $544.60. The firm has a market capitalization of $60.72 billion, a PE ratio of 41.17, a P/E/G ratio of 2.97 and a beta of 1.02. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $575.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm posted $3.90 EPS. The company’s revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.17 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ROP. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Oppenheimer restated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Mizuho raised their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $595.50.

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.