Meiji Yasuda Asset Management Co Ltd. Buys 815 Shares of Roper Technologies, Inc. (NYSE:ROP)

Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,961 shares of the industrial products company’s stock after acquiring an additional 815 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Roper Technologies were worth $10,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. grew its holdings in Roper Technologies by 5.6% in the 4th quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock valued at $998,000 after buying an additional 97 shares in the last quarter. Aveo Capital Partners LLC grew its stake in shares of Roper Technologies by 9.5% in the fourth quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 41 shares in the last quarter. 9258 Wealth Management LLC increased its position in Roper Technologies by 11.5% during the fourth quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock worth $1,012,000 after acquiring an additional 192 shares during the period. Great Lakes Advisors LLC acquired a new stake in Roper Technologies in the 4th quarter worth about $217,000. Finally, UBS Group AG boosted its holdings in Roper Technologies by 52.9% in the 4th quarter. UBS Group AG now owns 308,907 shares of the industrial products company’s stock valued at $168,407,000 after purchasing an additional 106,910 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROP. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Truist Financial reaffirmed a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a report on Tuesday, August 27th. Oppenheimer reduced their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Royal Bank of Canada boosted their price target on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Barclays increased their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $616.00.

Roper Technologies Trading Down 0.8 %

ROP opened at $551.83 on Wednesday. The company has a market cap of $59.07 billion, a P/E ratio of 40.05, a PEG ratio of 2.89 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $547.89 and its 200-day moving average is $545.08. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Equities research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

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.