Louisiana State Employees Retirement System Takes $8.18 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Louisiana State Employees Retirement System bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,000 shares of the industrial products company's stock, valued at approximately $8,178,000.

Other institutional investors have also made changes to their positions in the company. Schwartz Investment Counsel Inc. grew its holdings in Roper Technologies by 3.2% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company's stock valued at $61,441,000 after buying an additional 3,500 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in Roper Technologies by 1.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,066 shares of the industrial products company's stock valued at $1,485,000 after buying an additional 54 shares in the last quarter. Bright Rock Capital Management LLC grew its holdings in Roper Technologies by 41.2% in the 4th quarter. Bright Rock Capital Management LLC now owns 12,000 shares of the industrial products company's stock valued at $6,542,000 after buying an additional 3,500 shares in the last quarter. DNB Asset Management AS grew its holdings in Roper Technologies by 86.9% in the 4th quarter. DNB Asset Management AS now owns 32,941 shares of the industrial products company's stock valued at $17,958,000 after buying an additional 15,312 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Roper Technologies in the 3rd quarter valued at $220,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares of the company's stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ROP shares. Mizuho upped their target price on Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a research report on Thursday, February 1st. Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. Barclays upped their target price on Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Royal Bank of Canada upped their target price on Roper Technologies from $620.00 to $622.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Finally, Raymond James upped their target price on Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $574.58.

Roper Technologies Trading Down 0.7 %

Roper Technologies stock traded down $3.81 during trading hours on Friday, hitting $535.83. The stock had a trading volume of 590,642 shares, compared to its average volume of 442,044. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The stock has a market cap of $57.34 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 2.84 and a beta of 0.99. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00. The business's 50 day simple moving average is $547.48 and its 200-day simple moving average is $530.57.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.92 earnings per share. On average, equities analysts predict that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies's payout ratio is 23.27%.

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.