Mitsubishi UFJ Asset Management Co. Ltd. Has $497.43 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 11.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 966,551 shares of the industrial products company’s stock after purchasing an additional 97,706 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.90% of Roper Technologies worth $497,426,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new stake in Roper Technologies during the 4th quarter valued at $36,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the period. OFI Invest Asset Management acquired a new position in shares of Roper Technologies in the fourth quarter valued at $38,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last ninety days. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

NYSE ROP opened at $582.71 on Thursday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 2.77 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm’s 50 day simple moving average is $568.17 and its 200 day simple moving average is $553.23.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. 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 0.57%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ROP shares. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $623.60.

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.