Maryland State Retirement & Pension System Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

Maryland State Retirement & Pension System lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,227 shares of the industrial products company’s stock after acquiring an additional 154 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Roper Technologies were worth $4,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. LGT Group Foundation raised its holdings in Roper Technologies by 4.9% during the 4th quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock valued at $21,288,000 after buying an additional 1,804 shares during the last quarter. Schwartz Investment Counsel Inc. raised 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 worth $61,441,000 after purchasing an additional 3,500 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Roper Technologies by 229.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after purchasing an additional 3,660 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Roper Technologies by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after purchasing an additional 4,334 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised 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 purchasing an additional 11,744 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ROP shares. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Barclays increased their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Mizuho lifted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Oppenheimer reiterated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Finally, Raymond James boosted their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Three 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $584.82.

Insider Transactions at Roper Technologies

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

Roper Technologies Stock Performance

NYSE:ROP traded up $3.91 during midday trading on Tuesday, hitting $519.45. The company’s stock had a trading volume of 168,232 shares, compared to its average volume of 521,299. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The firm’s 50 day moving average is $540.75 and its 200-day moving average is $534.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The firm has a market cap of $55.60 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.71 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company earned $3.90 EPS. Roper Technologies’s quarterly revenue was up 14.4% on a year-over-year basis. Equities analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid 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 dividend yield of 0.58%. Roper Technologies’s payout ratio is 21.77%.

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.