Mitsubishi UFJ Trust & Banking Corp Sells 1,430 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 178,870 shares of the industrial products company’s stock after selling 1,430 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of Roper Technologies worth $92,986,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ROP. Vanguard Group Inc. lifted its stake in Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the last quarter. State Street Corp boosted its holdings in Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after acquiring an additional 132,575 shares during the period. Geode Capital Management LLC grew its position in Roper Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after acquiring an additional 51,131 shares during the last quarter. Wellington Management Group LLP increased its stake in Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after purchasing an additional 345,268 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Roper Technologies by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 673,193 shares of the industrial products company’s stock valued at $349,959,000 after purchasing an additional 24,290 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ROP shares. Barclays decreased their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. TD Cowen raised 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 research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research report on Friday, January 31st. Finally, Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following 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 disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last three months. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $576.65 on Tuesday. The company’s 50 day moving average is $565.51 and its 200 day moving average is $552.80. 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 company has a market cap of $61.92 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies Announces Dividend

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 paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 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.