New York State Common Retirement Fund Sells 15,400 Shares of Roper Technologies, Inc. (NYSE:ROP)

New York State Common Retirement Fund trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,857 shares of the industrial products company's stock after selling 15,400 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Roper Technologies worth $73,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC raised its position in Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after purchasing an additional 61 shares during the last quarter. Freedom Day Solutions LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $1,808,000. Tandem Investment Advisors Inc. lifted its holdings in Roper Technologies by 49.9% in the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after buying an additional 32,694 shares during the period. GAMMA Investing LLC lifted its holdings in Roper Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after buying an additional 819 shares during the period. Finally, Legacy Advisors LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $264,000. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ROP shares. Robert W. Baird increased their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Stifel Nicolaus cut their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Up 0.2%

Shares of NYSE:ROP traded up $1.12 during midday trading on Thursday, reaching $546.35. 460,985 shares of the company were exchanged, compared to its average volume of 558,805. 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 quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $566.15 and a two-hundred day simple moving average of $561.10. The firm has a market cap of $58.74 billion, a PE ratio of 38.10, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter last year, the business earned $4.41 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

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.