Tokio Marine Asset Management Co. Ltd. Has $1.38 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Tokio Marine Asset Management Co. Ltd. trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,656 shares of the industrial products company’s stock after selling 97 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Roper Technologies were worth $1,381,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock worth $19,282,000 after acquiring an additional 1,789 shares in the last quarter. Citigroup Inc. grew its position in Roper Technologies by 17.6% in the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock worth $106,050,000 after acquiring an additional 28,555 shares in the last quarter. Douglas Lane & Associates LLC grew its position in Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after acquiring an additional 17,466 shares in the last quarter. Synovus Financial Corp grew its position in Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after acquiring an additional 961 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Roper Technologies by 8.5% during 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 during the period. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday. Finally, Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Trading Up 0.2 %

Shares of ROP stock opened at $577.04 on Tuesday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.31. The stock has a market cap of $61.88 billion, a price-to-earnings ratio of 40.24, a P/E/G ratio of 2.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a fifty day moving average of $535.93 and a 200-day moving average of $544.64.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,351 shares of company stock worth $2,514,103 in the last quarter. 0.87% of the stock is owned by corporate insiders.

About Roper Technologies

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.