Ilmarinen Mutual Pension Insurance Co Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 33.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the industrial products company’s stock after buying an additional 5,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Roper Technologies were worth $10,397,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in shares of Roper Technologies by 4.7% in the 4th quarter. Russell Investments Group Ltd. now owns 121,873 shares of the industrial products company’s stock worth $63,357,000 after acquiring an additional 5,514 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Roper Technologies by 22.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 1,580 shares of the industrial products company’s stock worth $822,000 after purchasing an additional 290 shares in the last quarter. KCM Investment Advisors LLC lifted its position in shares of Roper Technologies by 12.0% during the fourth quarter. KCM Investment Advisors LLC now owns 5,696 shares of the industrial products company’s stock valued at $2,961,000 after buying an additional 611 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $26,805,000. Finally, Prudential PLC grew its position in shares of Roper Technologies by 6.4% in the 4th quarter. Prudential PLC now owns 13,402 shares of the industrial products company’s stock worth $6,967,000 after buying an additional 811 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 6.5 %

NYSE ROP opened at $541.80 on Friday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $58.18 billion, a PE ratio of 37.78, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a fifty day moving average of $575.65 and a 200 day moving average of $554.63.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.61%. Roper Technologies’s payout ratio is 23.01%.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last ninety days. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $629.18.

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.