State of Alaska Department of Revenue Grows Position in Roper Technologies Inc (NYSE:ROP)

State of Alaska Department of Revenue grew its stake in shares of Roper Technologies Inc (NYSE:ROP) by 107.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,552 shares of the industrial products company’s stock after buying an additional 17,874 shares during the period. State of Alaska Department of Revenue’s holdings in Roper Technologies were worth $12,321,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ROP. Nuveen Asset Management LLC increased its position in Roper Technologies by 7,677.4% during the second quarter. Nuveen Asset Management LLC now owns 2,000,266 shares of the industrial products company’s stock worth $732,618,000 after buying an additional 1,974,547 shares in the last quarter. FMR LLC increased its position in Roper Technologies by 95.8% during the first quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock worth $592,690,000 after buying an additional 848,157 shares in the last quarter. Invesco Ltd. increased its position in Roper Technologies by 29.0% during the second quarter. Invesco Ltd. now owns 1,276,987 shares of the industrial products company’s stock worth $467,709,000 after buying an additional 287,128 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Roper Technologies during the second quarter worth $68,307,000. Finally, Morgan Stanley increased its position in Roper Technologies by 115.6% during the second quarter. Morgan Stanley now owns 290,356 shares of the industrial products company’s stock worth $106,345,000 after buying an additional 155,677 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

In related news, Director Amy Woods Brinkley sold 1,500 shares of Roper Technologies stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $360.54, for a total value of $540,810.00. Following the transaction, the director now owns 15,380 shares in the company, valued at $5,545,105.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total value of $181,520.00. Following the completion of the transaction, the director now owns 9,080 shares in the company, valued at approximately $3,296,403.20. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Several research firms have weighed in on ROP. Royal Bank of Canada raised their price target on Roper Technologies from $393.00 to $404.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Raymond James raised their price objective on Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. ValuEngine cut Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Barclays raised their price objective on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. Finally, Wells Fargo & Co raised their price objective on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Roper Technologies has an average rating of “Buy” and a consensus target price of $385.56.

Roper Technologies stock traded up $4.21 during midday trading on Friday, reaching $344.29. The stock had a trading volume of 12,661 shares, compared to its average volume of 577,760. Roper Technologies Inc has a twelve month low of $245.59 and a twelve month high of $385.51. The stock has a market capitalization of $35.93 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.11. The stock’s 50-day simple moving average is $357.99 and its 200 day simple moving average is $357.06.

Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts predict that Roper Technologies Inc will post 13.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Friday, October 4th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, October 3rd. Roper Technologies’s payout ratio is currently 15.66%.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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

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