Nissay Asset Management Corp Japan ADV Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Nissay Asset Management Corp Japan ADV boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 24,276 shares of the industrial products company's stock after acquiring an additional 1,187 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Roper Technologies were worth $12,718,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Plato Investment Management Ltd lifted its stake in shares of Roper Technologies by 41.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after purchasing an additional 1,182 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Roper Technologies by 20.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock worth $25,656,000 after buying an additional 8,415 shares during the period. Smith Salley Wealth Management raised its holdings in Roper Technologies by 1.4% in the fourth quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company's stock valued at $18,125,000 after acquiring an additional 481 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Roper Technologies by 19.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock worth $3,274,000 after acquiring an additional 1,021 shares during the last quarter. Finally, Eos Management L.P. grew its holdings in Roper Technologies by 124.9% during the 4th quarter. Eos Management L.P. now owns 8,324 shares of the industrial products company's stock worth $4,327,000 after acquiring an additional 4,623 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded down $2.88 during trading on Tuesday, hitting $577.59. 193,600 shares of the company were exchanged, compared to its average volume of 548,683. The firm has a 50 day moving average price of $565.52 and a 200 day moving average price of $556.80. The stock has a market capitalization of $62.10 billion, a price-to-earnings ratio of 40.23, a P/E/G ratio of 2.77 and a beta of 1.08. 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, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

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

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

Insiders Place Their Bets

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ROP shares. William Blair assumed coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating for the company. Royal Bank of Canada increased their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird upped their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and an average price target of $632.36.

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.