Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System reduced its holdings in Roper Technologies by 12.5%, owning 4,992 shares valued at approximately $2.94 million after selling 711 shares in the latest quarter.
• Roper Technologies has received a mix of ratings from analysts, with a consensus average rating of "Moderate Buy" and a target price of $637.18.
• The company recently declared a quarterly dividend of $0.825 per share, with a dividend yield of 0.6%, payable on October 17th.

Maryland State Retirement & Pension System decreased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,992 shares of the industrial products company's stock after selling 711 shares during the quarter. Maryland State Retirement & Pension System's holdings in Roper Technologies were worth $2,943,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $27,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at $31,000. Olde Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $31,000. Wayfinding Financial LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $31,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Roper Technologies in the first quarter valued at $34,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $637.18.

Roper Technologies Trading Down 0.4%

Shares of NYSE ROP traded down $2.33 on Friday, reaching $534.38. 358,734 shares of the company traded hands, compared to its average volume of 613,320. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a 50 day moving average of $559.10 and a 200 day moving average of $565.45. 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 stock has a market capitalization of $57.51 billion, a PE ratio of 37.26, a P/E/G ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.48 earnings per share. On average, equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's payout ratio is 23.19%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

Roper Technologies 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.