MetLife Investment Management LLC Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

MetLife Investment Management LLC increased its position in Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,375 shares of the industrial products company’s stock after acquiring an additional 506 shares during the quarter. MetLife Investment Management LLC’s holdings in Roper Technologies were worth $14,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ROP. Douglas Lane & Associates LLC increased its position in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock valued at $57,005,000 after acquiring an additional 17,466 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares in the last quarter. Nordea Investment Management AB increased its holdings in Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after buying an additional 42,016 shares in the last quarter. First Financial Bank Trust Division lifted its stake in Roper Technologies by 28.0% during the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock valued at $5,574,000 after acquiring an additional 2,343 shares during the period. Finally, Signal Advisors Wealth LLC grew its stake in shares of Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock worth $3,023,000 after acquiring an additional 1,719 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.73.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Trading Up 0.2 %

Roper Technologies stock opened at $557.24 on Monday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a market capitalization of $59.84 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 2.77 and a beta of 1.04. The firm has a 50 day moving average of $570.92 and a 200 day moving average of $554.30. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies’s payout ratio is 23.01%.

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.