Tokio Marine Asset Management Co. Ltd. lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,052 shares of the industrial products company’s stock after selling 209 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Roper Technologies were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ROP. Independent Portfolio Consultants Inc. boosted its position in Roper Technologies by 164.7% during the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 313 shares in the last quarter. Parallel Advisors LLC boosted its position in Roper Technologies by 26.8% during the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 106 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Roper Technologies by 34.8% during the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 152 shares in the last quarter. Sun Life Financial INC boosted its position in Roper Technologies by 6,690.9% during the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 736 shares in the last quarter. Finally, Creative Planning boosted its position in Roper Technologies by 12.7% during the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 91 shares in the last quarter. 94.13% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer Holdings, Inc. raised their price objective on Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada raised their price objective on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Cowen and Company reaffirmed a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $249.15.

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In other news, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total value of $118,520.00. Following the completion of the transaction, the director now directly owns 64,604 shares in the company, valued at $15,313,732.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total value of $469,940.00. Following the completion of the transaction, the director now owns 10,900 shares of the company’s stock, valued at $2,561,173. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,500 shares of company stock valued at $3,792,570. Company insiders own 2.50% of the company’s stock.

Shares of Roper Technologies, Inc. (NYSE:ROP) opened at $258.06 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. Roper Technologies, Inc. has a 12 month low of $169.42 and a 12 month high of $261.07. The company has a market capitalization of $26,378.81, a PE ratio of 30.11, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted $1.65 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. equities research analysts predict that Roper Technologies, Inc. will post 9.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 5th. Roper Technologies’s payout ratio is 20.32%.

About Roper Technologies

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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