Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 49,550 shares of the industrial products company’s stock after selling 2,251 shares during the period. Public Employees Retirement System of Ohio’s holdings in Roper Technologies were worth $25,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $26,000. CoreFirst Bank & Trust purchased a new position in Roper Technologies in the 4th quarter worth about $36,000. Parvin Asset Management LLC acquired a new stake in Roper Technologies during the 4th quarter worth about $39,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after buying an additional 75 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Roper Technologies in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $567.03 on Friday. The firm has a market cap of $60.96 billion, a price-to-earnings ratio of 39.54, a P/E/G ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $565.57 and a 200 day simple moving average of $557.42.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.41 earnings per share. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm 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. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Stifel Nicolaus decreased their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $632.36.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.87% of the company’s stock.

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.