MetLife Investment Management LLC Raises Stock Position in Roper Technologies, Inc. (NYSE:ROP)

MetLife Investment Management LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,375 shares of the industrial products company's stock after buying an additional 506 shares during the period. MetLife Investment Management LLC's holdings in Roper Technologies were worth $14,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Roper Technologies in the 4th quarter worth $914,052,000. JPMorgan Chase & Co. increased its position in shares of Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after purchasing an additional 360,632 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Roper Technologies during the 4th quarter valued at $148,070,000. Proficio Capital Partners LLC lifted its position in Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after buying an additional 279,795 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Roper Technologies by 15,719.2% in the fourth quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock valued at $114,719,000 after acquiring an additional 219,283 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 0.0 %

ROP stock traded down $0.22 during trading on Wednesday, reaching $551.08. 623,340 shares of the company traded hands, compared to its average volume of 552,077. The company has a market capitalization of $59.18 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The business has a 50 day simple moving average of $569.48 and a 200 day simple moving average of $554.22. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ROP. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on Roper Technologies in a research note on Friday, January 31st. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Raymond James reiterated a "strong-buy" rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

Roper Technologies Company 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.