Mufg Securities Americas Inc. Invests $823,000 in Roper Technologies, Inc. (NYSE:ROP)

Mufg Securities Americas Inc. acquired a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,583 shares of the industrial products company's stock, valued at approximately $823,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nissay Asset Management Corp Japan ADV lifted its holdings in Roper Technologies by 5.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 24,276 shares of the industrial products company's stock worth $12,718,000 after buying an additional 1,187 shares during the period. Nomura Holdings Inc. boosted its holdings in Roper Technologies by 40.0% in the fourth quarter. Nomura Holdings Inc. now owns 16,078 shares of the industrial products company's stock worth $8,358,000 after purchasing an additional 4,592 shares during the last quarter. NorthRock Partners LLC boosted its holdings in Roper Technologies by 68.7% in the fourth quarter. NorthRock Partners LLC now owns 1,076 shares of the industrial products company's stock worth $559,000 after purchasing an additional 438 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in Roper Technologies in the fourth quarter worth approximately $1,889,000. Finally, OMERS ADMINISTRATION Corp boosted its holdings in Roper Technologies by 336.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 16,146 shares of the industrial products company's stock worth $8,393,000 after purchasing an additional 12,450 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROP has been the topic of several analyst reports. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. William Blair began coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This represents a 8.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Trading Down 0.4%

NYSE:ROP traded down $2.41 during mid-day trading on Monday, hitting $580.47. 485,424 shares of the stock traded hands, compared to its average volume of 549,873. The stock has a market capitalization of $62.41 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The firm's 50 day moving average is $565.24 and its two-hundred day moving average is $556.53. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.41 EPS. On average, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. Roper Technologies's payout ratio is presently 23.81%.

Roper Technologies Company 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.