Public Employees Retirement System of Ohio Lowers Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Public Employees Retirement System of Ohio reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,904 shares of the industrial products company’s stock after selling 2,719 shares during the period. Public Employees Retirement System of Ohio’s holdings in Roper Technologies were worth $30,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after buying an additional 125,387 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Roper Technologies by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 2,581,710 shares of the industrial products company’s stock worth $1,447,927,000 after buying an additional 61,756 shares during the last quarter. Norges Bank purchased a new stake in Roper Technologies during the 4th quarter worth about $756,176,000. Bank of New York Mellon Corp lifted its holdings in Roper Technologies by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock worth $737,489,000 after buying an additional 68,957 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent analyst reports. Barclays lifted their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a research report on Thursday. Oppenheimer cut their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Mizuho lifted their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $604.33.

Roper Technologies Stock Performance

ROP stock traded down $0.78 during trading on Monday, hitting $547.75. The company had a trading volume of 182,113 shares, compared to its average volume of 523,540. The firm has a market cap of $58.63 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The firm has a 50-day moving average price of $553.71 and a 200-day moving average price of $545.64. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the company earned $3.90 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, analysts expect that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

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.