Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 52,923 shares of the industrial products company's stock after purchasing an additional 7,411 shares during the period. Asset Management One Co. Ltd.'s holdings in Roper Technologies were worth $28,904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd acquired a new position in Roper Technologies during the 3rd quarter worth about $27,000. Compass Wealth Management LLC acquired a new position in Roper Technologies during the 4th quarter worth about $30,000. Fortis Capital Advisors LLC acquired a new position in Roper Technologies during the 4th quarter worth about $30,000. Finally, Independence Bank of Kentucky acquired a new position in Roper Technologies during the 4th quarter worth about $31,000. Institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ROP. TD Cowen downgraded Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 target price on the stock. in a report on Thursday, January 4th. Wells Fargo & Company boosted their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. Oppenheimer boosted their price objective on Roper Technologies from $580.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. Raymond James boosted their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a research note on Friday, February 2nd. Finally, Mizuho boosted their price objective on Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $574.58.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the company's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company's stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.94% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $5.73 during trading on Friday, hitting $543.01. 334,498 shares of the company were exchanged, compared to its average volume of 497,976. The company has a market cap of $58.11 billion, a PE ratio of 42.13, a P/E/G ratio of 2.87 and a beta of 0.99. The stock has a 50 day moving average of $548.65 and a 200 day moving average of $528.49. Roper Technologies, Inc. has a 52-week low of $430.03 and a 52-week high of $565.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.92 earnings per share. As a group, equities research analysts predict that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies's dividend payout ratio is currently 23.27%.

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.