Public Employees Retirement Association of Colorado Has $7.49 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Public Employees Retirement Association of Colorado decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 14,402 shares of the industrial products company’s stock after selling 443 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Roper Technologies were worth $7,487,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROP. NZS Capital LLC raised its position in Roper Technologies by 14.5% during the 4th quarter. NZS Capital LLC now owns 130,326 shares of the industrial products company’s stock worth $67,750,000 after purchasing an additional 16,477 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Roper Technologies in the 4th quarter worth about $15,834,000. Oxford Asset Management LLP bought a new position in shares of Roper Technologies in the 4th quarter worth about $417,000. Two Sigma Securities LLC raised its position in shares of Roper Technologies by 285.0% in the 4th quarter. Two Sigma Securities LLC now owns 420 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 647 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Roper Technologies by 8.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,840 shares of the industrial products company’s stock worth $2,516,000 after acquiring an additional 373 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price target on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Stifel Nicolaus started coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target for the company. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $620.73.

Roper Technologies Trading Down 1.0 %

Shares of ROP opened at $551.95 on Tuesday. The business has a 50-day moving average of $568.40 and a 200 day moving average of $554.64. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market cap of $59.27 billion, a P/E ratio of 38.49, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. 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 (NYSE:ROP) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period last year, the company posted $4.41 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business 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 is currently 23.01%.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the firm’s 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 transaction, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by insiders.

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.