Ilmarinen Mutual Pension Insurance Co Purchases 5,000 Shares of Roper Technologies, Inc. (NYSE:ROP)

Ilmarinen Mutual Pension Insurance Co raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,000 shares of the industrial products company's stock after buying an additional 5,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Roper Technologies were worth $10,397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROP. Benjamin Edwards Inc. increased its holdings in shares of Roper Technologies by 1,792.8% during the third quarter. Benjamin Edwards Inc. now owns 1,571 shares of the industrial products company's stock valued at $874,000 after acquiring an additional 1,488 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Roper Technologies by 110.7% during the third quarter. HighTower Advisors LLC now owns 28,702 shares of the industrial products company's stock worth $16,023,000 after acquiring an additional 15,080 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Roper Technologies by 34.6% in the 3rd quarter. IHT Wealth Management LLC now owns 533 shares of the industrial products company's stock worth $295,000 after acquiring an additional 137 shares during the last quarter. Quantinno Capital Management LP lifted its position in Roper Technologies by 13.6% in the 3rd quarter. Quantinno Capital Management LP now owns 10,175 shares of the industrial products company's stock valued at $5,662,000 after acquiring an additional 1,221 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Roper Technologies by 0.9% during the 3rd quarter. Stifel Financial Corp now owns 51,921 shares of the industrial products company's stock valued at $28,894,000 after purchasing an additional 486 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ROP. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 target price on the stock. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

Insider Transactions at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Trading Up 2.0 %

Shares of NYSE:ROP traded up $11.16 on Friday, hitting $560.76. The company had a trading volume of 199,332 shares, compared to its average volume of 552,501. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm's 50-day simple moving average is $573.07 and its two-hundred day simple moving average is $553.90. The firm has a market capitalization of $60.22 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Roper Technologies 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.