Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 4,919 Shares of Roper Technologies Inc (NYSE:ROP)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Roper Technologies Inc (NYSE:ROP) by 14.1% during the first quarter, Holdings Channel.com reports. The fund owned 39,865 shares of the industrial products company’s stock after acquiring an additional 4,919 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Roper Technologies were worth $12,430,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC raised its holdings in Roper Technologies by 34.3% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,428 shares of the industrial products company’s stock valued at $1,693,000 after acquiring an additional 1,386 shares in the last quarter. AGF Investments Inc. increased its position in shares of Roper Technologies by 9.8% in the first quarter. AGF Investments Inc. now owns 12,995 shares of the industrial products company’s stock worth $4,052,000 after purchasing an additional 1,164 shares during the period. Commerce Bank increased its position in shares of Roper Technologies by 6.2% in the first quarter. Commerce Bank now owns 16,587 shares of the industrial products company’s stock worth $5,172,000 after purchasing an additional 965 shares during the period. William Blair Investment Management LLC raised its stake in Roper Technologies by 0.5% in the first quarter. William Blair Investment Management LLC now owns 168,866 shares of the industrial products company’s stock valued at $52,654,000 after purchasing an additional 845 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its position in Roper Technologies by 15.6% during the first quarter. Carnegie Capital Asset Management LLC now owns 713 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Several brokerages have recently commented on ROP. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $395.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Argus lowered their price objective on shares of Roper Technologies from $410.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Co reduced their target price on Roper Technologies from $400.00 to $390.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Cowen boosted their price target on Roper Technologies from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Barclays restated a “hold” rating and set a $340.00 price objective on shares of Roper Technologies in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $386.70.

ROP stock traded up $2.00 during midday trading on Friday, reaching $367.06. 321,754 shares of the stock were exchanged, compared to its average volume of 722,218. Roper Technologies Inc has a 52 week low of $240.00 and a 52 week high of $395.00. The company has a fifty day moving average price of $331.13 and a 200 day moving average price of $348.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.96 and a quick ratio of 0.87. The stock has a market capitalization of $38.11 billion, a PE ratio of 23.56, a P/E/G ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $3.05 EPS for the quarter, beating the Zacks’ consensus estimate of $2.91 by $0.14. Roper Technologies had a return on equity of 14.94% and a net margin of 30.17%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $3.30 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts anticipate that Roper Technologies Inc will post 12.14 earnings per share for the current fiscal year.

In other news, Director Wilbur J. Prezzano sold 3,500 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $355.65, for a total value of $1,244,775.00. Following the completion of the sale, the director now owns 16,880 shares of the company’s stock, valued at $6,003,372. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John K. Stipancich sold 4,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $370.00, for a total value of $1,480,000.00. Following the completion of the sale, the vice president now directly owns 38,044 shares of the company’s stock, valued at approximately $14,076,280. The disclosure for this sale can be found here. Insiders have sold a total of 10,500 shares of company stock worth $3,529,105 over the last three months. Insiders own 1.90% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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