Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 14.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.
Other hedge funds have also added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in Roper Technologies in the first quarter worth $31,000. Valeo Financial Advisors LLC raised its holdings in shares of Roper Technologies by 291.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 90 shares of the industrial products company’s stock valued at $32,000 after buying an additional 67 shares during the last quarter. Horizon Bancorp Inc. IN bought a new position in shares of Roper Technologies in the fourth quarter valued at about $38,000. Bartlett & Co. LLC acquired a new position in Roper Technologies during the 1st quarter worth about $41,000. Finally, Arden Trust Co bought a new stake in Roper Technologies during the 1st quarter worth about $44,000. 92.73% of the stock is owned by hedge funds and other institutional investors.
Shares of ROP stock traded up $2.00 during trading hours on Friday, reaching $367.06. The company had a trading volume of 321,754 shares, compared to its average volume of 722,218. Roper Technologies Inc has a 1-year low of $240.00 and a 1-year high of $395.00. 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 firm has a market cap of $38.11 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a 50 day moving average of $331.13 and a 200 day moving average of $348.18.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.14. Roper Technologies had a return on equity of 14.94% and a net margin of 30.17%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $3.30 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Roper Technologies Inc will post 12.14 EPS for the current fiscal year.
In other Roper Technologies news, VP John K. Stipancich sold 4,000 shares of the company’s stock in a transaction that occurred on 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 owns 38,044 shares of the company’s stock, valued at $14,076,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Wright sold 3,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $268.11, for a total transaction of $804,330.00. Following the completion of the sale, the director now owns 53,524 shares in the company, valued at $14,350,319.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,500 shares of company stock valued at $3,529,105. 1.90% of the stock is currently owned by company insiders.
A number of equities analysts have recently issued reports on the stock. Cowen upped their target price on shares of Roper Technologies from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Barclays reiterated a “hold” rating and issued a $340.00 price objective on shares of Roper Technologies in a research report on Wednesday, April 29th. Royal Bank of Canada boosted their target price on Roper Technologies from $395.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Argus cut their price target on Roper Technologies from $410.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Wells Fargo & Co lowered their price objective on Roper Technologies from $400.00 to $390.00 and set an “overweight” rating for the company 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. The stock presently has an average rating of “Buy” and a consensus price target of $386.70.
Roper Technologies Company 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.
Featured Article: What are CEFs?
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.