Tokio Marine Asset Management Co. Ltd. Has $1.38 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,656 shares of the industrial products company’s stock after selling 97 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Roper Technologies were worth $1,381,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates lifted its position in shares of Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Roper Technologies by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 33 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Roper Technologies by 59.0% in the third quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 46 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROP has been the topic of a number of recent research reports. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,351 shares of company stock valued at $2,514,103 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Price Performance

Roper Technologies stock opened at $577.04 on Tuesday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.31. The stock’s 50 day moving average is $535.93 and its 200-day moving average is $544.64. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $61.88 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.76 and a beta of 1.05.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 23.01%.

Roper Technologies Profile

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.