Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Mitsubishi UFJ Trust & Banking Corp has reduced its stake in Roper Technologies by 4.5%, now holding approximately 0.16% of the company valued at around $100.7 million.
• Roper Technologies recently announced a quarterly dividend of $0.825, which represents an annualized dividend of $3.30 and a yield of 0.6%.
• The company's shares have shown volatility, with a recent 1.5% decline in stock price, despite reporting higher earnings per share than analysts predicted.

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,817 shares of the industrial products company's stock after selling 8,053 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.16% of Roper Technologies worth $100,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meridian Financial Partners LLC increased its stake in Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after purchasing an additional 19 shares in the last quarter. My Legacy Advisors LLC lifted its position in Roper Technologies by 1.5% in the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after acquiring an additional 19 shares in the last quarter. Smith Shellnut Wilson LLC ADV boosted its stake in Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 20 shares during the last quarter. Tritonpoint Wealth LLC boosted its stake in Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 20 shares during the last quarter. Finally, Winch Advisory Services LLC increased its holdings in Roper Technologies by 2.2% during the 1st quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock worth $557,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Roper Technologies Stock Performance

NYSE ROP traded up $4.31 during trading on Monday, hitting $546.42. 473,791 shares of the company's stock traded hands, compared to its average volume of 616,805. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market capitalization of $58.75 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The business has a 50 day moving average of $562.03 and a 200-day moving average of $565.07.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the previous year, the company posted $4.48 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a $0.825 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

Analyst Ratings Changes

Several brokerages recently issued reports on ROP. William Blair initiated coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Robert W. Baird lifted their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Oppenheimer reiterated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada lifted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Truist Financial upped their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $637.18.

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.