Roper Technologies, Inc. (NYSE:ROP) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,479 shares of the industrial products company's stock after selling 11,849 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of Roper Technologies worth $84,217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ROP. Schwartz Investment Counsel Inc. increased its stake in Roper Technologies by 3.2% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company's stock valued at $61,441,000 after purchasing an additional 3,500 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Roper Technologies by 229.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company's stock valued at $2,865,000 after acquiring an additional 3,660 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Roper Technologies by 42.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company's stock worth $7,986,000 after buying an additional 4,334 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Roper Technologies by 4.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company's stock worth $166,611,000 after buying an additional 11,744 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its stake in shares of Roper Technologies by 5.3% in the 4th quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company's stock worth $43,262,000 after acquiring an additional 3,959 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ROP shares. 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 report on Thursday, February 1st. Oppenheimer upped their price target on Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Mizuho increased their target price on Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st. TD Cowen downgraded Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Finally, Raymond James raised their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $574.58.

Roper Technologies Trading Up 0.1 %

NYSE ROP traded up $0.51 on Tuesday, reaching $539.62. The company had a trading volume of 381,455 shares, compared to its average volume of 498,621. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 2.82 and a beta of 0.99. Roper Technologies, Inc. has a fifty-two week low of $430.03 and a fifty-two week high of $565.00. The business has a 50 day moving average of $545.57 and a two-hundred day moving average of $532.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

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

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. Roper Technologies's payout ratio is currently 23.27%.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company's stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.94% of the company's stock.

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.