Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its holdings in Roper Technologies, Inc. by 7.1% in the 1st quarter, now owning a total of 16,643 shares valued at approximately $9.81 million.
• Roper Technologies recently reported earnings of $4.87 per share for the quarter, surpassing analysts' expectations and showing a 13.2% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.825, with an annualized dividend yield of 0.6% and a payout ratio of 23.19%.

Public Sector Pension Investment Board lifted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,643 shares of the industrial products company's stock after acquiring an additional 1,110 shares during the period. Public Sector Pension Investment Board's holdings in Roper Technologies were worth $9,812,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ROP. Brighton Jones LLC acquired a new stake in Roper Technologies during the 4th quarter valued at $203,000. Townsquare Capital LLC grew its holdings in Roper Technologies by 15.6% during the 4th quarter. Townsquare Capital LLC now owns 2,374 shares of the industrial products company's stock valued at $1,234,000 after purchasing an additional 321 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in Roper Technologies during the 4th quarter valued at $272,000. Savvy Advisors Inc. grew its holdings in Roper Technologies by 23.2% during the 4th quarter. Savvy Advisors Inc. now owns 510 shares of the industrial products company's stock valued at $265,000 after purchasing an additional 96 shares in the last quarter. Finally, Cohen & Steers Inc. grew its holdings in Roper Technologies by 6.0% during the 4th quarter. Cohen & Steers Inc. now owns 423 shares of the industrial products company's stock valued at $220,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ROP shares. Royal Bank Of Canada raised their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Stifel Nicolaus reduced 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. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. William Blair initiated coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $637.18.

Insider Activity

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

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded up $4.68 during trading hours on Friday, reaching $529.64. The company's stock had a trading volume of 697,542 shares, compared to its average volume of 619,619. The company's 50 day simple moving average is $554.68 and its 200 day simple moving average is $564.56. 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, Inc. has a one year low of $499.47 and a one year high of $595.17. The stock has a market cap of $57.00 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping 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%. During the same period in the prior year, the company posted $4.48 EPS. The business's revenue was up 13.2% on a year-over-year basis. As a group, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

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.