State of New Jersey Common Pension Fund D Sells 2,936 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Roper Technologies, Inc. by 7.8% in Q1, now holding 34,870 shares valued at approximately $20.56 million.
• Insider trading included Director Richard F. Wallman and VP John K. Stipancich selling shares, each reducing their ownership by 1.69% and 3.71% respectively.
• Roper Technologies reported quarterly earnings of $4.87 EPS, exceeding analysts' expectations, with a projected 19.96 EPS for the current fiscal year.

State of New Jersey Common Pension Fund D decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,870 shares of the industrial products company's stock after selling 2,936 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Roper Technologies were worth $20,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. raised its holdings in Roper Technologies by 1.0% during the 1st quarter. American Century Companies Inc. now owns 621,019 shares of the industrial products company's stock valued at $366,140,000 after acquiring an additional 6,020 shares during the period. Ethic Inc. raised its position in shares of Roper Technologies by 6.1% in the first quarter. Ethic Inc. now owns 12,682 shares of the industrial products company's stock worth $7,492,000 after buying an additional 726 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Roper Technologies by 18.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,044 shares of the industrial products company's stock worth $616,000 after buying an additional 166 shares in the last quarter. Aberdeen Group plc raised its position in shares of Roper Technologies by 0.7% in the first quarter. Aberdeen Group plc now owns 30,357 shares of the industrial products company's stock worth $17,656,000 after buying an additional 215 shares in the last quarter. Finally, Horizon Investments LLC raised its position in shares of Roper Technologies by 4.0% in the first quarter. Horizon Investments LLC now owns 2,153 shares of the industrial products company's stock worth $1,268,000 after buying an additional 83 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was 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 approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ROP shares. Stifel Nicolaus lowered their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. increased 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, Robert W. Baird increased their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $637.18.

Roper Technologies Trading Up 0.9%

NYSE ROP opened at $529.64 on Friday. The stock's 50-day simple moving average is $554.68 and its two-hundred day simple moving average is $564.56. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a market capitalization of $57.00 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.77 and a beta of 0.99. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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

Roper Technologies Announces Dividend

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

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.

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