Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,237 shares of the industrial products company's stock after buying an additional 1,483 shares during the period. Arizona State Retirement System's holdings in Roper Technologies were worth $19,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies during the 4th quarter worth $26,000. MorganRosel Wealth Management LLC purchased a new stake in Roper Technologies during the 1st quarter worth $27,000. Putney Financial Group LLC purchased a new stake in Roper Technologies during the 4th quarter worth $31,000. Olde Wealth Management LLC purchased a new stake in Roper Technologies during the 1st quarter worth $31,000. Finally, Wayfinding Financial LLC purchased a new stake in Roper Technologies during the 1st quarter worth $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the subject of a number of research reports. Robert W. Baird upped their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus decreased their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Down 0.4%

Roper Technologies stock opened at $547.46 on Friday. The company has a market capitalization of $58.86 billion, a P/E ratio of 38.18, a P/E/G ratio of 2.77 and a beta of 1.02. The firm's fifty day simple moving average is $568.26 and its 200-day simple moving average is $560.73. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating 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%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.41 EPS. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.