Strs Ohio Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Strs Ohio increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 209,336 shares of the industrial products company's stock after acquiring an additional 8,781 shares during the quarter. Strs Ohio owned about 0.20% of Roper Technologies worth $114,123,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ROP. Geneos Wealth Management Inc. boosted its position in shares of Roper Technologies by 10.0% during the third quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company's stock valued at $112,000 after buying an additional 21 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Roper Technologies by 0.6% during the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company's stock valued at $1,664,000 after buying an additional 21 shares during the last quarter. NorthRock Partners LLC boosted its position in shares of Roper Technologies by 1.7% during the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company's stock valued at $592,000 after buying an additional 21 shares during the last quarter. Jacobi Capital Management LLC boosted its position in shares of Roper Technologies by 0.5% during the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company's stock valued at $2,030,000 after buying an additional 21 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Roper Technologies by 0.7% during the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company's stock valued at $1,582,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ROP. Mizuho increased their price objective on Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a research report on Thursday, February 1st. Oppenheimer increased their target price on Roper Technologies from $580.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. Wells Fargo & Company increased their target price on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a report on Monday, January 22nd. Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their target price on Roper Technologies from $620.00 to $622.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $574.58.

Roper Technologies Price Performance

ROP traded down $3.81 on Friday, hitting $535.83. 590,642 shares of the company's stock traded hands, compared to its average volume of 442,044. The company's 50 day simple moving average is $547.48 and its 200-day simple moving average is $530.87. The firm has a market cap of $57.35 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 2.82 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 company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33.

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

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.27%.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is owned by corporate insiders.

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.