Roper Technologies, Inc. (NYSE:ROP) Position Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 20.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,033 shares of the industrial products company's stock after purchasing an additional 1,888 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Roper Technologies were worth $6,505,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after acquiring an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after acquiring an additional 1,529,716 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after acquiring an additional 29,184 shares during the period. Norges Bank acquired a new position in shares of Roper Technologies during the fourth quarter valued at $914,052,000. Finally, Invesco Ltd. boosted its holdings in shares of Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after acquiring an additional 31,531 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Analysts Set New Price Targets

ROP has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Robert W. Baird lifted their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Trading Down 0.3%

ROP traded down $1.80 during trading on Friday, reaching $563.51. The company had a trading volume of 652,988 shares, compared to its average volume of 547,504. The firm's 50-day simple moving average is $566.52 and its 200 day simple moving average is $558.56. The company has a market cap of $60.59 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 2.77 and a beta of 1.03. 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 (NYSE:ROP - Get Free Report) last issued 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% on a year-over-year basis. During the same period in the previous year, the company posted $4.41 EPS. Equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's dividend payout ratio is currently 23.81%.

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.