Public Employees Retirement System of Ohio Sells 2,251 Shares of Roper Technologies, Inc. (NYSE:ROP)

Public Employees Retirement System of Ohio lowered its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,550 shares of the industrial products company's stock after selling 2,251 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Roper Technologies were worth $25,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. Norges Bank purchased a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $914,052,000. T. Rowe Price Investment Management Inc. boosted its stake 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 purchasing an additional 1,529,716 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after acquiring an additional 360,632 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Roper Technologies during the fourth quarter valued at approximately $148,070,000. Finally, Proficio Capital Partners LLC raised its holdings in shares of Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after acquiring an additional 279,795 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Robert W. Baird upped their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Truist Financial reiterated a "buy" rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded down $3.82 during trading on Thursday, hitting $565.31. 399,147 shares of the company's stock traded hands, compared to its average volume of 546,790. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The stock has a market capitalization of $60.78 billion, a P/E ratio of 39.44, a PEG ratio of 2.77 and a beta of 1.08. The business has a 50-day simple moving average of $565.26 and a 200-day simple moving average of $557.45.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating the consensus estimate 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 was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.41 EPS. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's payout ratio is 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.